Moloney Securities Asset Management LLC Sells 4,990 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Moloney Securities Asset Management LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 23.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,921 shares of the pipeline company’s stock after selling 4,990 shares during the period. Moloney Securities Asset Management LLC’s holdings in Kinder Morgan were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in KMI. Norges Bank purchased a new stake in Kinder Morgan in the 4th quarter worth about $409,063,000. Confluence Investment Management LLC purchased a new stake in Kinder Morgan in the 1st quarter worth about $87,627,000. Dimensional Fund Advisors LP raised its position in Kinder Morgan by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock worth $289,087,000 after purchasing an additional 2,309,550 shares during the period. International Assets Investment Management LLC raised its position in Kinder Morgan by 1,602.8% in the 4th quarter. International Assets Investment Management LLC now owns 2,082,420 shares of the pipeline company’s stock worth $36,734,000 after purchasing an additional 1,960,125 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Kinder Morgan by 1,485.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,796,555 shares of the pipeline company’s stock worth $31,691,000 after purchasing an additional 1,683,260 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.81% of the stock is owned by insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $19.89 on Monday. The firm has a market cap of $44.14 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 3.14 and a beta of 0.93. The company’s 50 day moving average is $19.43 and its 200 day moving average is $18.31. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $20.19.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 5.78%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. UBS Group raised their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Truist Financial reaffirmed a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Finally, Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Check Out Our Latest Stock Report on Kinder Morgan

Kinder Morgan Company Profile

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and 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 gasification, liquefaction, and storage facilities.

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

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