ORG Partners LLC Lowers Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

ORG Partners LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 88.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,687 shares of the pipeline company’s stock after selling 35,707 shares during the quarter. ORG Partners LLC’s holdings in Kinder Morgan were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of 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 worth $506,320,000 after acquiring an additional 317,980 shares in the last quarter. Norges Bank bought a new position in shares of Kinder Morgan in the fourth quarter worth approximately $409,063,000. Morgan Stanley grew its holdings in shares of Kinder Morgan by 4.1% in the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after purchasing an additional 796,829 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kinder Morgan by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock worth $289,087,000 after purchasing an additional 2,309,550 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in shares of Kinder Morgan by 45.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after purchasing an additional 3,135,457 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Kinder Morgan 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 transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Kinder Morgan 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 transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is owned by insiders.

Kinder Morgan Stock Up 0.1 %

Shares of KMI stock traded up $0.03 during mid-day trading on Friday, reaching $20.19. 18,465,635 shares of the company’s stock traded hands, compared to its average volume of 13,653,154. The company’s 50-day moving average price is $19.56 and its 200-day moving average price is $18.37. 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 company has a market cap of $44.81 billion, a P/E ratio of 18.33, a P/E/G ratio of 3.17 and a beta of 0.93. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $20.32.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.2875 dividend. This is a positive change 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 dividend on an annualized basis and a yield of 5.70%. Kinder Morgan’s payout ratio is 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.