JT Stratford LLC Sells 5,230 Shares of Kinder Morgan, Inc. $KMI

JT Stratford LLC lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,448 shares of the pipeline company’s stock after selling 5,230 shares during the period. JT Stratford LLC’s holdings in Kinder Morgan were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Kinder Morgan by 0.6% in the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after purchasing an additional 1,302,794 shares during the last quarter. Northern Trust Corp increased its position in shares of Kinder Morgan by 8.3% during the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company’s stock worth $573,834,000 after acquiring an additional 1,608,499 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after acquiring an additional 5,529,065 shares during the period. Deutsche Bank AG increased its position in shares of Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after acquiring an additional 290,653 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its position in shares of Kinder Morgan by 5.4% during the first quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company’s stock worth $307,741,000 after acquiring an additional 553,395 shares during the period. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Barclays reaffirmed an “overweight” rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating for the company. Finally, TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

Kinder Morgan Stock Down 1.6%

Kinder Morgan stock opened at $26.23 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The stock has a market capitalization of $58.29 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 3.36 and a beta of 0.78. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48. The business has a fifty day moving average price of $27.71 and a 200-day moving average price of $27.36.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.5%. Kinder Morgan’s payout ratio is currently 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Insiders have sold a total of 139,842 shares of company stock worth $3,896,180 in the last quarter. 12.73% of the stock is owned by insiders.

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.