Wealth Alliance Sells 656 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Wealth Alliance cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,441 shares of the pipeline company’s stock after selling 656 shares during the period. Wealth Alliance’s holdings in Kinder Morgan were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMI. True Wealth Design LLC increased its holdings in 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 acquiring an additional 1,389 shares during the period. Pathway Financial Advisers LLC purchased a new position in shares of Kinder Morgan during the 1st quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the first quarter worth $31,000. OFI Invest Asset Management purchased a new stake in shares of Kinder Morgan in the first quarter worth $31,000. Finally, AlphaMark Advisors LLC boosted its stake in Kinder Morgan by 92.5% during the second quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock valued at $38,000 after buying an additional 925 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock valued at $3,121,891 over the last three months. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $21.79 on Friday. The firm has a fifty day simple moving average of $21.16 and a two-hundred day simple moving average of $19.71. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $21.88. The company has a market capitalization of $48.36 billion, a PE ratio of 19.81, a P/E/G ratio of 2.90 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period last year, the firm posted $0.24 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Research analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 5.28%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is 104.55%.

Analyst Ratings Changes

A number of equities analysts have weighed in on KMI shares. Royal Bank of Canada upped their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Truist Financial upped their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. UBS Group lifted their target price on shares of Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Barclays increased their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Finally, Scotiabank lifted their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Hold” and an average price target of $22.55.

Kinder Morgan 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.