Moody National Bank Trust Division Sells 17,476 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Moody National Bank Trust Division lowered its stake in Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 38.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,451 shares of the pipeline company’s stock after selling 17,476 shares during the quarter. Moody National Bank Trust Division’s holdings in Kinder Morgan were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC raised its stake in shares of Kinder Morgan by 1.7% in the first quarter. Moneta Group Investment Advisors LLC now owns 32,893 shares of the pipeline company’s stock worth $622,000 after buying an additional 547 shares during the period. Spectrum Asset Management Inc. NB CA raised its stake in shares of Kinder Morgan by 0.4% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 138,559 shares of the pipeline company’s stock worth $2,620,000 after buying an additional 580 shares during the period. Cohen Investment Advisors LLC raised its stake in shares of Kinder Morgan by 0.5% in the first quarter. Cohen Investment Advisors LLC now owns 120,838 shares of the pipeline company’s stock worth $2,285,000 after buying an additional 580 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Kinder Morgan by 4.9% in the first quarter. Coldstream Capital Management Inc. now owns 12,594 shares of the pipeline company’s stock worth $238,000 after buying an additional 586 shares during the period. Finally, FinTrust Capital Advisors LLC raised its stake in shares of Kinder Morgan by 19.8% in the first quarter. FinTrust Capital Advisors LLC now owns 3,603 shares of the pipeline company’s stock worth $68,000 after buying an additional 596 shares during the period. Institutional investors own 61.12% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now owns 28,719 shares in the company, valued at approximately $516,942. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the completion of the transaction, the vice president now owns 27,219 shares in the company, valued at approximately $521,788.23. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now owns 28,719 shares of the company’s stock, valued at approximately $516,942. The disclosure for this sale can be found here. Company insiders own 14.22% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $17.85 on Monday. The stock has a market capitalization of $40.22 billion, a PE ratio of 16.68, a P/E/G ratio of 4.97 and a beta of 0.92. The business has a 50 day simple moving average of $18.04 and a two-hundred day simple moving average of $18.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.52 and a quick ratio of 0.42. Kinder Morgan, Inc. has a 1-year low of $15.01 and a 1-year high of $20.20.

Kinder Morgan (NYSE:KMIGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm’s revenue for the quarter was up 63.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend was Friday, July 29th. Kinder Morgan’s dividend payout ratio (DPR) is 103.74%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KMI. US Capital Advisors reaffirmed a “hold” rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. Barclays lifted their target price on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. The Goldman Sachs Group raised Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price on the stock in a research note on Wednesday, September 7th. Finally, UBS Group lifted their target price on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Kinder Morgan Company Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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