Gladstone Institutional Advisory LLC Trims Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Gladstone Institutional Advisory LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,104 shares of the pipeline company’s stock after selling 1,993 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Kinder Morgan were worth $266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $26,000. Tucker Asset Management LLC acquired a new stake in Kinder Morgan in the third quarter valued at approximately $25,000. Activest Wealth Management acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $33,000. Finally, EdgeRock Capital LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $41,000. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were 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 in the company, valued at $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, 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. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMI. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.01 on Friday, reaching $19.07. 9,614,977 shares of the company’s stock traded hands, compared to its average volume of 12,028,106. The firm has a market cap of $42.32 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 2.99 and a beta of 0.89. The stock has a 50 day moving average price of $18.59 and a 200-day moving average price of $17.78. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $19.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Equities research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.03%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. 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.