Tempus Wealth Planning LLC Sells 1,800 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Tempus Wealth Planning LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 14.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,296 shares of the pipeline company’s stock after selling 1,800 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Kinder Morgan were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the 3rd quarter worth about $28,000. Pathway Financial Advisers LLC acquired a new position in shares of Kinder Morgan during the 1st quarter worth about $30,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan during the 2nd quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the 1st quarter worth about $31,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan during the 2nd quarter worth about $31,000. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Truist Financial boosted their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Barclays boosted their target price on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. UBS Group boosted their target price on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank boosted their price objective on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 19th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $24.91.

Kinder Morgan Trading Down 0.2 %

NYSE KMI opened at $24.76 on Thursday. The stock has a market capitalization of $54.95 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 3.27 and a beta of 0.93. The stock’s 50 day moving average price is $22.35 and its two-hundred day moving average price is $20.61. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. Kinder Morgan, Inc. has a 52 week low of $15.91 and a 52 week high of $25.43.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The company’s revenue was down 5.3% on a year-over-year basis. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction 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 owns 916,773 shares in the company, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Dax Sanders sold 1,729 shares of the stock in a transaction 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 sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 100,000 shares of the stock in a transaction 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 in the company, valued at approximately $19,261,400.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 817,040 shares of company stock worth $19,747,879. Company insiders own 12.64% of the company’s stock.

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.