Kinder Morgan, Inc. (NYSE:KMI) Holdings Lowered by Accel Wealth Management

Accel Wealth Management trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,880 shares of the pipeline company’s stock after selling 1,400 shares during the period. Accel Wealth Management’s holdings in Kinder Morgan were worth $1,795,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KMI. Federated Hermes Inc. lifted its holdings in shares of Kinder Morgan by 741.4% during the third quarter. Federated Hermes Inc. now owns 76,395 shares of the pipeline company’s stock valued at $1,267,000 after purchasing an additional 67,315 shares during the last quarter. Truist Financial Corp lifted its stake in Kinder Morgan by 2.7% in the 3rd quarter. Truist Financial Corp now owns 1,685,551 shares of the pipeline company’s stock worth $27,946,000 after acquiring an additional 43,934 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Kinder Morgan by 113.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 114,466 shares of the pipeline company’s stock worth $1,898,000 after acquiring an additional 60,959 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Kinder Morgan by 19.2% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,627,354 shares of the pipeline company’s stock worth $26,982,000 after acquiring an additional 262,300 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in Kinder Morgan by 0.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 539,647 shares of the pipeline company’s stock worth $8,947,000 after acquiring an additional 1,387 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value 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. Corporate insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.24 during mid-day trading on Thursday, hitting $19.96. 11,016,115 shares of the company’s stock traded hands, compared to its average volume of 12,767,919. The firm has a 50 day moving average of $19.38 and a two-hundred day moving average of $18.27. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $20.19. The firm has a market capitalization of $44.30 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 3.11 and a beta of 0.93. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company earned $0.30 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid 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 annualized dividend and a yield of 5.76%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

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.