LVW Advisors LLC Sells 3,993 Shares of Kinder Morgan, Inc. (NYSE:KMI)

LVW Advisors LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.5% in the 2nd quarter, Holdings Channel reports. The firm owned 20,233 shares of the pipeline company’s stock after selling 3,993 shares during the period. LVW Advisors LLC’s holdings in Kinder Morgan were worth $402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after purchasing an additional 27,254,172 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 317,980 shares during the last quarter. Norges Bank purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at $409,063,000. Dimensional Fund Advisors LP boosted its stake in shares of Kinder Morgan by 16.4% during the 4th 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 period. Finally, Clearbridge Investments LLC grew its holdings in Kinder Morgan by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after purchasing an additional 2,125,648 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Scotiabank boosted their target price 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. Truist Financial upped their price objective on Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Finally, Barclays upped their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.11.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was 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 owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction dated Thursday, August 1st. The stock was 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 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 this hyperlink. Also, 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 value of $987,500.00. Following the sale, the vice president now directly 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. Insiders have sold a total of 196,582 shares of company stock worth $4,073,082 in the last ninety days. 12.64% of the stock is owned by insiders.

Kinder Morgan Stock Down 1.1 %

KMI traded down $0.22 on Tuesday, hitting $20.70. The company had a trading volume of 1,589,030 shares, compared to its average volume of 14,158,754. The stock has a market capitalization of $45.94 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The stock has a fifty day moving average price of $20.33 and a 200-day moving average price of $18.88. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.56%. Kinder Morgan’s payout ratio is 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.