Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 39.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,168 shares of the pipeline company's stock after selling 20,386 shares during the period. Lindbrook Capital LLC's holdings in Kinder Morgan were worth $889,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Morton Capital Management LLC CA increased its position in shares of Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after purchasing an additional 377 shares during the last quarter. Diligent Investors LLC lifted its position in Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after acquiring an additional 381 shares during the period. Signaturefd LLC lifted its stake in shares of Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after purchasing an additional 381 shares during the period. Aspiriant LLC grew its holdings in Kinder Morgan by 1.7% during the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after buying an additional 396 shares during the last quarter. Finally, Sowell Financial Services LLC grew its holdings in Kinder Morgan by 0.5% in the 1st quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock valued at $2,277,000 after buying an additional 400 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Scotiabank boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday. Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating for the company. Finally, Morgan Stanley set a $34.00 price target on Kinder Morgan in a research report on Monday, July 7th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $31.00.

Kinder Morgan Price Performance

KMI stock opened at $27.89 on Monday. The business's fifty day moving average price is $28.00 and its 200 day moving average price is $27.60. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $61.97 billion, a PE ratio of 22.86, a P/E/G ratio of 3.54 and a beta of 0.75.

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

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.20%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's payout ratio is currently 95.90%.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.73% of the stock is owned by company insiders.

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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