Kinder Morgan, Inc. (NYSE:KMI) Position Lessened by Evermay Wealth Management LLC

Evermay Wealth Management LLC decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,247 shares of the pipeline company’s stock after selling 2,800 shares during the period. Evermay Wealth Management LLC’s holdings in Kinder Morgan were worth $569,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Cape Investment Advisory Inc. bought a new stake in Kinder Morgan during the 4th quarter valued at $88,000. Intech Investment Management LLC bought a new stake in Kinder Morgan during the 4th quarter valued at $289,000. Johnson Financial Group Inc. raised its stake in Kinder Morgan by 899.5% during the 4th quarter. Johnson Financial Group Inc. now owns 6,267 shares of the pipeline company’s stock valued at $111,000 after acquiring an additional 5,640 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Kinder Morgan by 2.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 562,425 shares of the pipeline company’s stock valued at $9,921,000 after acquiring an additional 14,311 shares in the last quarter. Finally, SageView Advisory Group LLC raised its stake in Kinder Morgan by 13.8% during the 4th quarter. SageView Advisory Group LLC now owns 23,460 shares of the pipeline company’s stock valued at $404,000 after acquiring an additional 2,853 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the transaction, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.01 during mid-day trading on Friday, reaching $19.07. The company had a trading volume of 9,614,977 shares, compared to its average volume of 12,028,106. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The stock has a market cap of $42.32 billion, a PE ratio of 17.34, a P/E/G ratio of 2.99 and a beta of 0.89. The company has a 50-day moving average price of $18.59 and a two-hundred day moving average price of $17.80. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $19.93.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.03%. Kinder Morgan’s payout ratio is currently 104.55%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial reiterated a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and an average target price of $20.20.

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.