Retirement Planning Co of New England Inc. Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Retirement Planning Co of New England Inc. lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 78,039 shares of the pipeline company’s stock after selling 2,925 shares during the period. Kinder Morgan comprises approximately 0.8% of Retirement Planning Co of New England Inc.’s investment portfolio, making the stock its 29th largest position. Retirement Planning Co of New England Inc.’s holdings in Kinder Morgan were worth $1,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. J.W. Cole Advisors Inc. grew its stake in shares of Kinder Morgan by 11.0% during the second quarter. J.W. Cole Advisors Inc. now owns 24,103 shares of the pipeline company’s stock valued at $479,000 after buying an additional 2,385 shares during the last quarter. Inspire Advisors LLC boosted its holdings in Kinder Morgan by 17.6% during the 2nd quarter. Inspire Advisors LLC now owns 81,722 shares of the pipeline company’s stock valued at $1,624,000 after acquiring an additional 12,239 shares during the period. OV Management LLC bought a new position in Kinder Morgan during the 2nd quarter worth approximately $1,466,000. Oppenheimer Asset Management Inc. increased its stake in Kinder Morgan by 2.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 88,969 shares of the pipeline company’s stock worth $1,768,000 after purchasing an additional 2,356 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its position in Kinder Morgan by 344.6% in the second quarter. Thoroughbred Financial Services LLC now owns 47,274 shares of the pipeline company’s stock valued at $939,000 after purchasing an additional 36,640 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction 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 sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock worth $3,121,891 over the last three months. 12.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KMI has been the topic of several analyst reports. Barclays lifted their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Scotiabank increased their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Finally, Truist Financial boosted their target price on Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $22.40.

Kinder Morgan Stock Up 1.0 %

NYSE:KMI opened at $21.14 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The firm’s 50-day moving average price is $21.01 and its 200-day moving average price is $19.58. The company has a market capitalization of $46.92 billion, a PE ratio of 19.22, a P/E/G ratio of 2.90 and a beta of 0.93. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $21.86.

Kinder Morgan (NYSE:KMI) last announced 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). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter last year, the company posted $0.24 EPS. Kinder Morgan’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.44%. Kinder Morgan’s dividend payout ratio is currently 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.