Oakworth Capital Inc. Cuts Position in Kinder Morgan, Inc. (NYSE:KMI)

Oakworth Capital Inc. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 22.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the pipeline company’s stock after selling 529 shares during the quarter. Oakworth Capital Inc.’s holdings in Kinder Morgan were worth $36,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC increased its holdings in Kinder Morgan by 3,655.3% in 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 shares of Kinder Morgan during the 4th quarter worth about $26,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the 1st quarter valued at about $30,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan in the 1st quarter worth about $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan during the 1st quarter worth approximately $31,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. Truist Financial upped their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. UBS Group boosted their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.11.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred 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 directly owns 916,773 shares in the company, valued at $19,261,400.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan 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 sale, the president now owns 916,773 shares in the company, valued at $19,261,400.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, 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. Insiders have sold 198,311 shares of company stock valued at $4,109,391 in the last quarter. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.1 %

NYSE:KMI traded down $0.03 on Friday, reaching $21.08. 8,170,525 shares of the company’s stock were exchanged, compared to its average volume of 14,122,785. The firm has a market capitalization of $46.78 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $21.86. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average of $20.43 and a 200-day moving average of $18.98.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. Kinder Morgan’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. As a group, analysts expect that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.46%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

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.