Charles Schwab Investment Management Inc. Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Charles Schwab Investment Management Inc. sold 312,986 shares of Kinder Morgan, reducing its stake by 1.0% to approximately 29,980,425 shares valued at $855.16 million.
• Several institutional investors, including Vanguard Group and Goldman Sachs, have increased their holdings, with Goldman Sachs boosting its stake by 37.5%.
• Kinder Morgan recently declared a quarterly dividend of $0.2925 per share, reflecting an annualized dividend yield of 4.4%.

Charles Schwab Investment Management Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,980,425 shares of the pipeline company's stock after selling 312,986 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.35% of Kinder Morgan worth $855,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $308,000. Federated Hermes Inc. lifted its holdings in Kinder Morgan by 8.9% during the fourth quarter. Federated Hermes Inc. now owns 19,054 shares of the pipeline company's stock worth $522,000 after buying an additional 1,553 shares during the period. FMR LLC lifted its holdings in shares of Kinder Morgan by 19.0% during the 4th quarter. FMR LLC now owns 3,871,677 shares of the pipeline company's stock valued at $106,084,000 after purchasing an additional 618,290 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of Kinder Morgan by 350.9% during the 4th quarter. Bank of Nova Scotia now owns 1,298,734 shares of the pipeline company's stock valued at $35,585,000 after purchasing an additional 1,010,716 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Kinder Morgan by 0.4% during the 4th quarter. Advisory Services Network LLC now owns 112,904 shares of the pipeline company's stock valued at $3,094,000 after purchasing an additional 500 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Price Performance

Kinder Morgan stock traded up $0.13 during midday trading on Friday, reaching $26.89. The company's stock had a trading volume of 15,114,704 shares, compared to its average volume of 18,056,652. Kinder Morgan, Inc. has a 52 week low of $20.56 and a 52 week high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $27.89 and a 200-day moving average price of $27.43. The stock has a market cap of $59.75 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 3.39 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $0.2925 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KMI shares. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Barclays reissued an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.13.

Insiders Place Their Bets

In related news, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total value of $171,414.80. Following the completion of the transaction, the vice president directly owned 232,034 shares in the company, valued at $6,450,545.20. This trade represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,715 shares of company stock worth $3,081,245 over the last quarter. Insiders own 12.73% of the company's stock.

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.