Founders Financial Alliance LLC Reduces Stake in Kinder Morgan, Inc. (NYSE:KMI)

Founders Financial Alliance LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,653 shares of the pipeline company’s stock after selling 1,166 shares during the period. Founders Financial Alliance LLC’s holdings in Kinder Morgan were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KMI. Oregon Public Employees Retirement Fund grew its position in Kinder Morgan by 0.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock worth $3,295,000 after acquiring an additional 530 shares during the period. Premier Path Wealth Partners LLC increased its position in shares of Kinder Morgan by 1.4% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock worth $785,000 after purchasing an additional 545 shares during the last quarter. Newman Dignan & Sheerar Inc. raised its holdings in Kinder Morgan by 4.3% in the 1st quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock valued at $242,000 after buying an additional 547 shares during the period. First Horizon Advisors Inc. lifted its position in Kinder Morgan by 4.4% in the second quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock valued at $267,000 after buying an additional 566 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Kinder Morgan by 3.7% during the second quarter. Benjamin Edwards Inc. now owns 15,967 shares of the pipeline company’s stock worth $317,000 after buying an additional 571 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $22.10 on Tuesday. The firm has a market capitalization of $49.04 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 3.09 and a beta of 0.93. The firm’s fifty day simple moving average is $21.30 and its 200-day simple moving average is $19.92. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $22.33. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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). 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 for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal 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 paid a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.20%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Analyst Ratings Changes

KMI has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Truist Financial raised their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. UBS Group raised their target price on Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Stifel Nicolaus boosted their price target 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. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and an average target price of $22.55.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 100,000 shares of the 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 transaction, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was 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 of the company’s stock, valued at approximately $19,261,400.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 25,169 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. 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 owned by corporate insiders.

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.