DekaBank Deutsche Girozentrale Sells 29,181 Shares of Kinder Morgan, Inc. (NYSE:KMI)

DekaBank Deutsche Girozentrale decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 613,314 shares of the pipeline company’s stock after selling 29,181 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Kinder Morgan were worth $12,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. True Wealth Design LLC raised its position in Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of Kinder Morgan during the 1st quarter valued at about $30,000. OFI Invest Asset Management bought a new stake in Kinder Morgan in the 1st quarter worth approximately $31,000. Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan in the first quarter worth approximately $31,000. Finally, Strategic Financial Concepts LLC bought a new position in Kinder Morgan during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KMI. Barclays boosted their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. UBS Group boosted their target price on Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Truist Financial raised their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.40.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $21.14 on Monday. The business has a 50 day moving average of $21.01 and a 200 day moving average of $19.60. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.86. The company has a market cap of $46.92 billion, a PE ratio of 19.22, a P/E/G ratio of 2.90 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is presently 104.55%.

About Kinder Morgan

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.