Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Lessened by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,316 shares of the pipeline company’s stock after selling 3,187 shares during the period. Catalytic Wealth RIA LLC’s holdings in Kinder Morgan were worth $1,099,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KMI. Independent Advisor Alliance boosted its stake in shares of Kinder Morgan by 13.8% during the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock valued at $1,148,000 after buying an additional 7,912 shares during the period. LSV Asset Management purchased a new stake in shares of Kinder Morgan during the first quarter worth $8,818,000. Brevan Howard Capital Management LP acquired a new stake in Kinder Morgan during the fourth quarter valued at $2,101,000. Duality Advisers LP grew its stake in Kinder Morgan by 42.7% in the first quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after purchasing an additional 94,984 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Kinder Morgan by 221.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock worth $4,615,000 after purchasing an additional 173,313 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In related news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was 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 in the company, valued at $19,261,400.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kinder Morgan 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 sale, the president now owns 916,773 shares in the company, valued at $19,261,400.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,311 shares of company stock valued at $3,121,891. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $21.57 on Friday. The stock has a 50-day simple moving average of $20.74 and a 200 day simple moving average of $19.29. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $21.86. The stock has a market capitalization of $47.87 billion, a PE ratio of 19.61, a P/E/G ratio of 3.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.33%. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analyst Weigh In

KMI has been the subject of several recent research reports. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, July 19th. UBS Group increased 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. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. raised their target price on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Eight 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.20.

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.