Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 14.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 107,989 shares of the pipeline company’s stock after selling 18,500 shares during the period. Kinder Morgan comprises 0.7% of Wellington Shields & Co. LLC’s investment portfolio, making the stock its 28th biggest position. Wellington Shields & Co. LLC’s holdings in Kinder Morgan were worth $2,146,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. True Wealth Design LLC raised its position in Kinder Morgan by 3,655.3% during the fourth 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 during the period. Pathway Financial Advisers LLC acquired a new position in shares of Kinder Morgan during the 1st quarter worth about $30,000. OFI Invest Asset Management purchased a new position in Kinder Morgan in the 1st quarter valued at about $31,000. Redmont Wealth Advisors LLC acquired a new stake in Kinder Morgan in the 1st quarter worth about $31,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Kinder Morgan during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Dax Sanders sold 1,729 shares of Kinder Morgan 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 sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on KMI shares. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Barclays increased their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Finally, UBS Group upped their price target on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Eight 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. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $22.20.

Kinder Morgan Stock Down 0.0 %

Shares of NYSE:KMI opened at $21.12 on Wednesday. The business has a 50-day moving average price of $20.95 and a 200 day moving average price of $19.52. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $46.86 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.94 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

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.