International Assets Investment Management LLC Sells 19,325 Shares of Kinder Morgan, Inc. (NYSE:KMI)

International Assets Investment Management LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 16.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 98,726 shares of the pipeline company’s stock after selling 19,325 shares during the quarter. International Assets Investment Management LLC’s holdings in Kinder Morgan were worth $1,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tucker Asset Management LLC purchased a new position in shares of Kinder Morgan during the third quarter valued at approximately $25,000. True Wealth Design LLC increased its stake in shares of Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $26,000. Activest Wealth Management purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $33,000. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on KMI. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Finally, UBS Group upped their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Six 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.00.

Insider Activity

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was 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 owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value 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 approximately $5,116,612.75. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.5 %

Shares of NYSE:KMI opened at $19.71 on Monday. The company has a market cap of $43.74 billion, a P/E ratio of 17.92, a PEG ratio of 3.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $20.07. The stock’s fifty day moving average price is $19.14 and its 200-day moving average price is $18.15.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

About Kinder Morgan

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.