Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC reduced its holdings in Kinder Morgan by 7.3%, selling 53,263 shares during the first quarter, bringing their total to 679,533 shares valued at approximately $18.8 million.
• Kinder Morgan has announced a quarterly dividend of $0.2925 per share, resulting in an annualized yield of 4.4%, with a payout ratio of 95.90%.
• Analysts have raised price targets for Kinder Morgan, with Barclays setting a new target at $32.00 and Wells Fargo increasing theirs to $34.00, while the consensus rating remains a Moderate Buy.

Chicago Partners Investment Group LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 679,533 shares of the pipeline company's stock after selling 53,263 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Kinder Morgan were worth $18,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KMI. Brighton Jones LLC acquired a new position in Kinder Morgan in the fourth quarter worth $308,000. Federated Hermes Inc. lifted its position in shares of Kinder Morgan by 8.9% in the 4th 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 last quarter. FMR LLC boosted its holdings in shares of Kinder Morgan by 19.0% in the 4th quarter. FMR LLC now owns 3,871,677 shares of the pipeline company's stock valued at $106,084,000 after buying an additional 618,290 shares during the period. Bank of Nova Scotia raised its stake in Kinder Morgan by 350.9% during the fourth quarter. Bank of Nova Scotia now owns 1,298,734 shares of the pipeline company's stock worth $35,585,000 after acquiring an additional 1,010,716 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in Kinder Morgan by 0.4% in the fourth quarter. Advisory Services Network LLC now owns 112,904 shares of the pipeline company's stock worth $3,094,000 after acquiring an additional 500 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total transaction of $171,414.80. Following the completion of the sale, the vice president directly owned 232,034 shares of the company's stock, valued at $6,450,545.20. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amy W. Chronis bought 2,759 shares of the firm's stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 109,715 shares of company stock worth $3,081,245. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Down 4.5%

Kinder Morgan stock opened at $26.77 on Thursday. Kinder Morgan, Inc. has a 52 week low of $20.56 and a 52 week high of $31.48. The stock has a market cap of $59.48 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 3.53 and a beta of 0.78. The company's 50-day moving average price is $27.94 and its two-hundred day moving average price is $27.51. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's dividend payout ratio is 95.90%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Scotiabank upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Barclays restated an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Royal Bank Of Canada raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

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.

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