Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Lowered by Oakworth Capital Inc.

Oakworth Capital Inc. cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 22.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,800 shares of the pipeline company’s stock after selling 529 shares during the quarter. Oakworth Capital Inc.’s holdings in Kinder Morgan were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hoxton Planning & Management LLC boosted its position in shares of Kinder Morgan by 17.4% during the second quarter. Hoxton Planning & Management LLC now owns 17,171 shares of the pipeline company’s stock worth $341,000 after buying an additional 2,542 shares during the period. Accordant Advisory Group Inc increased its holdings in shares of Kinder Morgan by 1.6% during the second quarter. Accordant Advisory Group Inc now owns 78,755 shares of the pipeline company’s stock valued at $1,565,000 after purchasing an additional 1,240 shares during the period. TCW Group Inc. raised its stake in shares of Kinder Morgan by 15.0% during the second quarter. TCW Group Inc. now owns 251,434 shares of the pipeline company’s stock valued at $4,996,000 after purchasing an additional 32,874 shares in the last quarter. World Equity Group Inc. lifted its holdings in Kinder Morgan by 78.5% in the second quarter. World Equity Group Inc. now owns 19,557 shares of the pipeline company’s stock worth $389,000 after purchasing an additional 8,600 shares during the period. Finally, Blue Trust Inc. grew its position in Kinder Morgan by 25.3% in the 2nd quarter. Blue Trust Inc. now owns 16,886 shares of the pipeline company’s stock valued at $310,000 after buying an additional 3,408 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. UBS Group upped their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, July 19th. Scotiabank upped their price objective on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Finally, Royal Bank of Canada lifted their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.11.

Insiders Place Their Bets

In other news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,311 shares of company stock worth $4,109,391. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.1 %

Shares of NYSE KMI traded down $0.03 during mid-day trading on Friday, hitting $21.08. 8,170,525 shares of the company traded hands, compared to its average volume of 14,122,785. 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, Inc. has a 1 year low of $15.89 and a 1 year high of $21.86. The stock has a market capitalization of $46.78 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.92 and a beta of 0.93. The business has a 50 day moving average of $20.43 and a two-hundred day moving average of $18.98.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend 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.