Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 407,482 shares of the pipeline company’s stock after selling 8,592 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Kinder Morgan were worth $9,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Vanguard Group Inc. grew its position in Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after buying an additional 27,254,172 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kinder Morgan by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after acquiring an additional 257,658 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Kinder Morgan by 23.6% during the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock worth $204,319,000 after purchasing an additional 2,125,648 shares during the period. Energy Income Partners LLC lifted its holdings in shares of Kinder Morgan by 2.6% during the first quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock valued at $196,558,000 after purchasing an additional 272,648 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its position in shares of Kinder Morgan by 45.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after purchasing an additional 3,135,457 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock traded down $0.16 during trading on Wednesday, reaching $24.65. The company had a trading volume of 2,704,779 shares, compared to its average volume of 13,780,659. The company has a market capitalization of $54.71 billion, a PE ratio of 22.52, 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. The firm’s 50 day simple moving average is $22.27 and its two-hundred day simple moving average is $20.58. Kinder Morgan, Inc. has a one year low of $15.91 and a one year high of $25.43.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Insider Activity

In related news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction 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 completion of the transaction, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction 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 transaction, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The trade was 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 sold 126,898 shares of company stock valued at $2,666,865. 12.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KMI shares. Barclays boosted their price objective on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, UBS Group upped their target price on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.91.

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.