Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Mather Group LLC.

Mather Group LLC. cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,896 shares of the pipeline company’s stock after selling 837 shares during the quarter. Mather Group LLC.’s holdings in Kinder Morgan were worth $263,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. True Wealth Design LLC grew its position in shares of Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $26,000. Tucker Asset Management LLC purchased a new position in shares of Kinder Morgan during the third quarter valued at approximately $25,000. Activest Wealth Management purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $33,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KMI. UBS Group upped their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $19.74 on Thursday. The company’s fifty day simple moving average is $19.07 and its 200-day simple moving average is $18.11. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $20.07. 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 company has a market cap of $43.81 billion, a PE ratio of 17.95, a P/E/G ratio of 3.12 and a beta of 0.92.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date was Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Company 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.