Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Lowered by Hennessy Advisors Inc.

Hennessy Advisors Inc. lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,310,991 shares of the pipeline company’s stock after selling 105,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in Kinder Morgan were worth $24,044,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC increased its stake in Kinder Morgan by 3.7% in the 1st quarter. 180 Wealth Advisors LLC now owns 18,421 shares of the pipeline company’s stock valued at $338,000 after buying an additional 652 shares during the period. Stokes Capital Advisors LLC grew its position in Kinder Morgan by 0.9% in the first quarter. Stokes Capital Advisors LLC now owns 150,579 shares of the pipeline company’s stock worth $2,762,000 after acquiring an additional 1,405 shares in the last quarter. Ausbil Investment Management Ltd boosted its holdings in shares of Kinder Morgan by 8.8% during the 1st quarter. Ausbil Investment Management Ltd now owns 273,937 shares of the pipeline company’s stock worth $5,043,000 after buying an additional 22,112 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Kinder Morgan by 17.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 43,710 shares of the pipeline company’s stock worth $802,000 after buying an additional 6,354 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of Kinder Morgan by 21.7% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 210,711 shares of the pipeline company’s stock worth $3,850,000 after buying an additional 37,559 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

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

Kinder Morgan Trading Up 0.2 %

Shares of NYSE KMI traded up $0.04 during mid-day trading on Friday, hitting $19.80. The company’s stock had a trading volume of 5,653,555 shares, compared to its average volume of 13,451,328. The stock has a market cap of $43.94 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $20.19. The company’s fifty day simple moving average is $19.27 and its 200-day simple moving average is $18.19.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.2875 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 5.81%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Wall Street Analyst Weigh In

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

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.