Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Lumbard & Kellner LLC

Lumbard & Kellner LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.3% during the second quarter, Holdings Channel.com reports. The firm owned 378,191 shares of the pipeline company’s stock after selling 4,962 shares during the period. Kinder Morgan comprises about 3.5% of Lumbard & Kellner LLC’s portfolio, making the stock its 6th biggest holding. Lumbard & Kellner LLC’s holdings in Kinder Morgan were worth $7,515,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in Kinder Morgan by 0.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock valued at $3,295,000 after purchasing an additional 530 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in Kinder Morgan by 1.4% during the second quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock valued at $785,000 after acquiring an additional 545 shares in the last quarter. Newman Dignan & Sheerar Inc. lifted its stake in Kinder Morgan by 4.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock valued at $242,000 after acquiring an additional 547 shares during the last quarter. First Horizon Advisors Inc. grew its position in Kinder Morgan by 4.4% in the second quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock worth $267,000 after acquiring an additional 566 shares in the last quarter. Finally, Simplicity Wealth LLC increased its stake in shares of Kinder Morgan by 2.2% during the 2nd quarter. Simplicity Wealth LLC now owns 27,478 shares of the pipeline company’s stock worth $546,000 after purchasing an additional 586 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMI has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Truist Financial upped their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 19th. Stifel Nicolaus boosted their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Finally, Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Hold” and an average target price of $22.55.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred 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. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,311 shares of company stock worth $3,121,891. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Trading Up 1.6 %

Shares of Kinder Morgan stock opened at $21.47 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The company has a market cap of $47.65 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.90 and a beta of 0.93. The company’s fifty day simple moving average is $21.04 and its 200-day simple moving average is $19.63. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $21.86.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is presently 104.55%.

Kinder Morgan Company 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.