Kinder Morgan, Inc. (NYSE:KMI) Stock Position Decreased by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,388 shares of the pipeline company’s stock after selling 744 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Kinder Morgan were worth $425,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. increased its position in Kinder Morgan by 16.5% during the second quarter. Atomi Financial Group Inc. now owns 59,758 shares of the pipeline company’s stock worth $1,187,000 after buying an additional 8,479 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Kinder Morgan by 2.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 563,847 shares of the pipeline company’s stock worth $11,204,000 after purchasing an additional 11,027 shares during the last quarter. AlphaStar Capital Management LLC boosted its position in Kinder Morgan by 12.5% during the second quarter. AlphaStar Capital Management LLC now owns 55,370 shares of the pipeline company’s stock worth $1,100,000 after purchasing an additional 6,138 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in shares of Kinder Morgan in the second quarter valued at approximately $229,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Kinder Morgan by 5.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 97,930 shares of the pipeline company’s stock worth $1,946,000 after buying an additional 4,815 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KMI. Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday. Truist Financial lifted their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $22.20.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $21.33 on Thursday. The company has a market cap of $47.34 billion, a PE ratio of 19.39, a PEG ratio of 2.92 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $21.86. The company’s 50-day moving average is $20.64 and its two-hundred day moving average is $19.21.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter last year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is 104.55%.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the transaction, the president now directly owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock worth $3,121,891 over the last ninety days. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Company Profile

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.