Future Financial Wealth Managment LLC Sells 5,066 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Future Financial Wealth Managment LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 28.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,509 shares of the pipeline company’s stock after selling 5,066 shares during the period. Future Financial Wealth Managment LLC’s holdings in Kinder Morgan were worth $276,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after buying an additional 27,254,172 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Kinder Morgan by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after buying an additional 257,658 shares during the period. Clearbridge Investments LLC raised its position in Kinder Morgan by 23.6% in the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock worth $204,319,000 after purchasing an additional 2,125,648 shares in the last quarter. Energy Income Partners LLC raised its position in Kinder Morgan by 2.6% in the first quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock worth $196,558,000 after purchasing an additional 272,648 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its position in Kinder Morgan by 45.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after purchasing an additional 3,135,457 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KMI shares. UBS Group increased their price target on shares of Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Truist Financial raised their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Barclays raised their price objective 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. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Finally, Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 19th. Eight 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, Kinder Morgan presently has a consensus rating of “Hold” and a consensus price target of $22.80.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $23.32 on Wednesday. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $23.83. The firm has a market cap of $51.76 billion, a P/E ratio of 21.20, a P/E/G ratio of 3.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $21.52 and a 200 day simple moving average of $20.14.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) 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 business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the business posted $0.24 earnings per share. Kinder Morgan’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.93%. Kinder Morgan’s payout ratio is presently 104.55%.

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.