Mizuho Securities USA LLC Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Mizuho Securities USA LLC has reduced its stake in Kinder Morgan, Inc. by 15.5%, selling 28,404 shares to now hold 154,784 shares valued at approximately $4.4 million.
• In the first quarter, several other institutional investors such as Westwood Holdings and Burney Co. increased their positions in Kinder Morgan, contributing to a total of 62.52% of the company’s stock being held by institutional investors.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, representing a yield of 4.4%, with the payment set for August 15th.

Mizuho Securities USA LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 15.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,784 shares of the pipeline company's stock after selling 28,404 shares during the period. Mizuho Securities USA LLC's holdings in Kinder Morgan were worth $4,416,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its holdings in Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after purchasing an additional 794,388 shares in the last quarter. Bridgewealth Advisory Group LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $377,000. Burney Co. lifted its holdings in Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after purchasing an additional 252,736 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in Kinder Morgan by 402.5% in the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock worth $1,124,000 after purchasing an additional 31,553 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Kinder Morgan by 16.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 389,588 shares of the pipeline company's stock worth $10,675,000 after purchasing an additional 56,147 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on KMI shares. Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating on the stock. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. Stifel Nicolaus upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Friday, July 25th. Finally, TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $31.13.

Kinder Morgan Stock Performance

NYSE KMI opened at $26.89 on Friday. The company has a market cap of $59.75 billion, a P/E ratio of 22.04, a P/E/G ratio of 3.39 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The business's 50 day moving average price is $27.89 and its 200-day moving average price is $27.43. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $31.48.

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

Kinder Morgan Dividend Announcement

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

Insider Buying and Selling

In other Kinder Morgan 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 value of $171,414.80. Following the transaction, the vice president owned 232,034 shares of the company's stock, valued at $6,450,545.20. This represents a 2.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company's 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 transaction, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,715 shares of company stock worth $3,081,245 over the last ninety days. Corporate insiders own 12.73% 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.

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