Kinder Morgan, Inc. (NYSE:KMI) Holdings Cut by Calamos Advisors LLC

Calamos Advisors LLC lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.5% during the second quarter, HoldingsChannel.com reports. The fund owned 518,048 shares of the pipeline company’s stock after selling 18,909 shares during the period. Calamos Advisors LLC’s holdings in Kinder Morgan were worth $10,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Northcape Wealth Management LLC raised its holdings in shares of Kinder Morgan by 4.9% during the second quarter. Northcape Wealth Management LLC now owns 344,676 shares of the pipeline company’s stock valued at $6,849,000 after buying an additional 16,251 shares during the last quarter. AMG National Trust Bank acquired a new position in shares of Kinder Morgan during the second quarter valued at approximately $395,000. Sigma Investment Counselors Inc. increased its stake in shares of Kinder Morgan by 1.8% during the second quarter. Sigma Investment Counselors Inc. now owns 99,447 shares of the pipeline company’s stock valued at $1,976,000 after acquiring an additional 1,736 shares during the period. Pettinga Financial Advisors LLC increased its stake in shares of Kinder Morgan by 7.5% during the second quarter. Pettinga Financial Advisors LLC now owns 14,334 shares of the pipeline company’s stock valued at $285,000 after acquiring an additional 1,000 shares during the period. Finally, LRI Investments LLC increased its stake in shares of Kinder Morgan by 1,706.1% during the second quarter. LRI Investments LLC now owns 3,558 shares of the pipeline company’s stock valued at $71,000 after acquiring an additional 3,361 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were 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 of the company’s stock, valued at $6,455,589. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sital K. Mody sold 25,169 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.04, for a total transaction of $529,555.76. 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 quarter. 12.64% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on KMI shares. Truist Financial raised their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. 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 report on Wednesday, June 12th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.11.

Kinder Morgan Stock Performance

Shares of KMI opened at $21.39 on Monday. The company has a market capitalization of $47.47 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86. 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 company’s fifty day moving average price is $20.57 and its 200 day moving average price is $19.14.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.38%. Kinder Morgan’s payout ratio is currently 104.55%.

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.