Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 297,736 shares of the pipeline company’s stock after selling 3,783 shares during the period. Gilman Hill Asset Management LLC’s holdings in Kinder Morgan were worth $6,577,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Pathway Financial Advisers LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at about $30,000. HWG Holdings LP bought a new stake in Kinder Morgan in the 2nd quarter valued at about $30,000. OFI Invest Asset Management bought a new stake in Kinder Morgan in the 1st quarter valued at about $31,000. Redmont Wealth Advisors LLC bought a new stake in Kinder Morgan in the 1st quarter valued at about $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kinder Morgan in the 2nd quarter valued at about $31,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of KMI traded up $0.98 during mid-day trading on Friday, hitting $24.70. The company’s stock had a trading volume of 21,490,048 shares, compared to its average volume of 13,770,874. The firm has a 50-day moving average price of $21.70 and a 200 day moving average price of $20.25. The stock has a market capitalization of $54.82 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 3.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $24.70.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion during 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 was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. On average, research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is presently 104.55%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,311 shares of company stock valued at $3,121,891. Corporate insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on KMI shares. Bank of America upgraded shares of Kinder Morgan from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $27.00 in a research report on Friday. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price target on the stock in a research report on Monday, September 16th. Truist Financial boosted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, 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. Eight investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.18.

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.