Courier Capital LLC Has $2.16 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Courier Capital LLC trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.4% during the first quarter, Holdings Channel reports. The firm owned 117,922 shares of the pipeline company’s stock after selling 4,165 shares during the period. Courier Capital LLC’s holdings in Kinder Morgan were worth $2,163,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Kinder Morgan by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock valued at $506,320,000 after purchasing an additional 317,980 shares in the last quarter. Norges Bank acquired a new stake in Kinder Morgan during the fourth quarter valued at approximately $409,063,000. Morgan Stanley boosted its holdings in Kinder Morgan by 4.1% during the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after purchasing an additional 796,829 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kinder Morgan by 16.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock valued at $289,087,000 after purchasing an additional 2,309,550 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Kinder Morgan by 1.9% during the fourth quarter. Clearbridge Investments LLC now owns 9,004,991 shares of the pipeline company’s stock valued at $158,807,000 after purchasing an additional 169,867 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent research reports. UBS Group lifted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Truist Financial reiterated a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Kinder Morgan Trading Up 0.1 %

KMI stock traded up $0.02 during trading on Thursday, hitting $19.76. The company had a trading volume of 10,520,302 shares, compared to its average volume of 13,517,026. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $19.27 and a 200-day moving average price of $18.19. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $20.19. The stock has a market cap of $43.86 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 3.17 and a beta of 0.92.

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

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.2875 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 5.82%. Kinder Morgan’s payout ratio is presently 104.55%.

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.