SeaCrest Wealth Management LLC Trims Holdings in Kinder Morgan, Inc. (NYSE:KMI)

SeaCrest Wealth Management LLC decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,955 shares of the pipeline company’s stock after selling 2,493 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Kinder Morgan were worth $329,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Independent Advisor Alliance lifted its position in Kinder Morgan by 13.8% during the fourth quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock worth $1,148,000 after buying an additional 7,912 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in Kinder Morgan in the fourth quarter valued at $2,101,000. Rheos Capital Works Inc. raised its position in Kinder Morgan by 285.7% in the fourth quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock valued at $19,051,000 after purchasing an additional 800,000 shares during the period. Asset Management One Co. Ltd. raised its position in Kinder Morgan by 9.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,032,483 shares of the pipeline company’s stock valued at $18,265,000 after purchasing an additional 89,312 shares during the period. Finally, Bryn Mawr Capital Management LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at $860,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.81% of the stock is owned by company insiders.

Kinder Morgan Trading Up 1.2 %

KMI opened at $19.96 on Thursday. The stock has a market capitalization of $44.30 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 3.11 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. The business has a fifty day moving average price of $19.36 and a 200 day moving average price of $18.26. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $20.19.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.76%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Finally, UBS Group boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

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.