Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,715 shares of the pipeline company’s stock after selling 1,226 shares during the quarter. AdvisorNet Financial Inc’s holdings in Kinder Morgan were worth $141,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tucker Asset Management LLC acquired a new position in Kinder Morgan during the 3rd quarter worth approximately $25,000. True Wealth Design LLC lifted its position in shares of Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Kinder Morgan during the fourth quarter worth $26,000. Activest Wealth Management purchased a new position in Kinder Morgan in the fourth quarter valued at $30,000. Finally, Rakuten Securities Inc. acquired a new stake in Kinder Morgan in the fourth quarter valued at $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $19.74 on Thursday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $20.19. The stock has a market capitalization of $43.81 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 3.17 and a beta of 0.92. The company has a 50-day simple moving average of $19.23 and a 200-day simple moving average of $18.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.2875 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s payout ratio is currently 104.55%.

Analysts Set New Price Targets

A number of research firms have recently commented on KMI. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Truist Financial restated a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. UBS Group lifted their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Insiders Place Their Bets

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now directly 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 available at this hyperlink. In related news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on 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 transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The disclosure for this sale can be found here. 12.64% of the stock is owned by insiders.

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.