Courier Capital LLC Reduces Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Courier Capital LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,922 shares of the pipeline company’s stock after selling 4,165 shares during the quarter. Courier Capital LLC’s holdings in Kinder Morgan were worth $2,163,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in KMI. Tucker Asset Management LLC purchased a new stake in Kinder Morgan in the 3rd quarter valued at $25,000. True Wealth Design LLC lifted its stake 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 in the last quarter. Altshuler Shaham Ltd acquired a new position in Kinder Morgan during the 4th quarter worth about $26,000. Activest Wealth Management purchased a new stake in Kinder Morgan during the 4th quarter worth about $30,000. Finally, Rakuten Securities Inc. purchased a new stake in Kinder Morgan during the 4th quarter worth about $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.02 during mid-day trading on Thursday, reaching $19.76. 10,520,302 shares of the stock were exchanged, compared to its average volume of 13,517,026. The company has a 50 day simple moving average of $19.27 and a 200-day simple moving average of $18.19. The stock has a market capitalization of $43.86 billion, a P/E ratio of 17.95, a P/E/G ratio of 3.17 and a beta of 0.92. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $20.19.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date was Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. UBS Group increased their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, Truist Financial reiterated a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $21.00.

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.