Evergreen Capital Management LLC Sells 10,415 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Evergreen Capital Management LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 537,263 shares of the pipeline company’s stock after selling 10,415 shares during the quarter. Evergreen Capital Management LLC’s holdings in Kinder Morgan were worth $10,675,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KMI. Gilbert & Cook Inc. lifted its position in Kinder Morgan by 2.2% during the fourth quarter. Gilbert & Cook Inc. now owns 31,525 shares of the pipeline company’s stock valued at $556,000 after acquiring an additional 682 shares during the last quarter. SCP Investment LP acquired a new stake in shares of Kinder Morgan in the 4th quarter worth $413,000. Ontario Teachers Pension Plan Board purchased a new position in Kinder Morgan during the 4th quarter worth $606,000. US Bancorp DE raised its stake in Kinder Morgan by 2.4% in the fourth quarter. US Bancorp DE now owns 238,370 shares of the pipeline company’s stock valued at $4,205,000 after buying an additional 5,485 shares during the last quarter. Finally, SageView Advisory Group LLC boosted its holdings in Kinder Morgan by 13.8% in the fourth quarter. SageView Advisory Group LLC now owns 23,460 shares of the pipeline company’s stock worth $404,000 after acquiring an additional 2,853 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred 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 owns 307,409 shares in the company, valued at approximately $6,455,589. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Dax Sanders sold 1,729 shares of the firm’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 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. Also, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the sale, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,311 shares of company stock valued at $3,121,891. Company insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price objective for the company in a research note on Monday, September 16th. UBS Group upped their target price on Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Scotiabank raised their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Finally, Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 19th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.55.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $21.79 on Monday. 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 stock has a market capitalization of $48.36 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.90 and a beta of 0.93. The firm’s 50 day simple moving average is $21.16 and its 200-day simple moving average is $19.74. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $21.88.

Kinder Morgan (NYSE:KMI) last released its quarterly 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). The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. 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 5.28%. Kinder Morgan’s dividend payout ratio is currently 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.