Kinder Morgan, Inc. $KMI Shares Sold by JT Stratford LLC

JT Stratford LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 9.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,448 shares of the pipeline company’s stock after selling 5,230 shares during the period. JT Stratford LLC’s holdings in Kinder Morgan were worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KMI. Nuveen LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at about $205,966,000. Goldman Sachs Group Inc. increased its stake 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 valued at $578,628,000 after purchasing an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. increased its stake 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 valued at $156,009,000 after purchasing an additional 3,718,521 shares in the last quarter. Blackstone Inc. increased its stake 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 valued at $119,416,000 after purchasing an additional 3,543,670 shares in the last quarter. Finally, Zimmer Partners LP purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $62,499,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on KMI. Barclays reiterated an “overweight” rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. TD Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price objective for the company. Scotiabank boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Friday, July 18th. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Finally, Stifel Nicolaus boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. Seven analysts have rated the stock with a hold rating and nine have given 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 Trading Down 1.6%

Shares of Kinder Morgan stock opened at $26.23 on Tuesday. 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 stock has a 50 day moving average of $27.71 and a 200 day moving average of $27.36. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $31.48. The firm has a market capitalization of $58.29 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 3.36 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The company 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 firm earned $0.26 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,842 shares of company stock valued at $3,896,180 over the last ninety days. 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.