Teamwork Financial Advisors LLC Sells 4,572 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Teamwork Financial Advisors LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,021 shares of the pipeline company’s stock after selling 4,572 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Kinder Morgan were worth $1,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Charles Schwab Investment Management Inc. boosted its position in shares of Kinder Morgan by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock valued at $506,320,000 after purchasing an additional 317,980 shares in the last quarter. Norges Bank purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $409,063,000. Morgan Stanley increased its stake in shares of Kinder Morgan by 4.1% in the 3rd quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after acquiring an additional 796,829 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Kinder Morgan by 16.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock valued at $289,087,000 after acquiring an additional 2,309,550 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Kinder Morgan by 1.9% during the 4th quarter. Clearbridge Investments LLC now owns 9,004,991 shares of the pipeline company’s stock valued at $158,807,000 after acquiring an additional 169,867 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on 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 SEC, which is available at this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 $5,116,612.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction 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 $6,494,537.34. The disclosure for this sale can be found here. 12.81% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.24 during trading hours on Thursday, reaching $19.96. The company had a trading volume of 11,016,115 shares, compared to its average volume of 12,767,919. The firm’s 50 day moving average price is $19.38 and its 200-day moving average price is $18.27. The firm has a market cap of $44.30 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 3.11 and a beta of 0.93. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $20.19.

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

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.76%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s payout ratio is 104.55%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KMI shares. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. UBS Group upped 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. Finally, Truist Financial reissued a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.00.

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.