MSH Capital Advisors LLC Sells 44,219 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• MSH Capital Advisors LLC reduced its holdings in Kinder Morgan by 48.4%, selling 44,219 shares, leaving them with 47,150 shares valued at $1,345,000.
• Several institutional investors, including Westwood Holdings Group and Burney Co., increased their positions in Kinder Morgan during the first quarter.
• Kinder Morgan recently declared a quarterly dividend of $0.2925 per share, which represents an annualized yield of 4.4% with a payout ratio of 95.90%.

MSH Capital Advisors LLC trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 48.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,150 shares of the pipeline company's stock after selling 44,219 shares during the quarter. MSH Capital Advisors LLC's holdings in Kinder Morgan were worth $1,345,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of KMI. Nuveen LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth $205,966,000. Goldman Sachs Group Inc. increased its holdings in shares of Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after acquiring an additional 5,529,065 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after acquiring an additional 3,718,521 shares during the period. Blackstone Inc. increased its holdings in shares of Kinder Morgan by 435.0% in the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after acquiring an additional 3,543,670 shares during the period. Finally, Zimmer Partners LP acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $62,499,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of recent analyst reports. Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research report on Monday, July 7th. Royal Bank Of Canada increased 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 report on Tuesday, April 29th. Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Scotiabank lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Finally, Barclays reaffirmed an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.16 during trading on Friday, reaching $26.69. The stock had a trading volume of 13,657,267 shares, compared to its average volume of 14,655,043. The stock has a fifty day simple moving average of $27.77 and a two-hundred day simple moving average of $27.38. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 52 week low of $20.56 and a 52 week high of $31.48. The firm has a market capitalization of $59.31 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 3.38 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, hitting 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 net margin of 17.06% and a return on equity of 8.31%. The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Insider Activity

In other news, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This represents a 9.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,842 shares of company stock valued at $3,896,180. 12.73% of the stock is owned by insiders.

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.