Sage Mountain Advisors LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 31.3% in the first quarter, Holdings Channel reports. The fund owned 12,864 shares of the pipeline company's stock after selling 5,859 shares during the period. Sage Mountain Advisors LLC's holdings in Kinder Morgan were worth $243,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spectrum Asset Management Inc. NB CA lifted its holdings in shares of Kinder Morgan by 0.4% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 138,559 shares of the pipeline company's stock valued at $2,620,000 after purchasing an additional 580 shares in the last quarter. Cohen Investment Advisors LLC lifted its holdings in shares of Kinder Morgan by 0.5% in the first quarter. Cohen Investment Advisors LLC now owns 120,838 shares of the pipeline company's stock valued at $2,285,000 after purchasing an additional 580 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of Kinder Morgan by 19.8% in the first quarter. FinTrust Capital Advisors LLC now owns 3,603 shares of the pipeline company's stock valued at $68,000 after purchasing an additional 596 shares in the last quarter. RGT Wealth Advisors LLC lifted its holdings in shares of Kinder Morgan by 5.6% in the first quarter. RGT Wealth Advisors LLC now owns 11,172 shares of the pipeline company's stock valued at $211,000 after purchasing an additional 597 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in shares of Kinder Morgan by 3.1% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 20,230 shares of the pipeline company's stock valued at $321,000 after purchasing an additional 600 shares in the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.
Get Kinder Morgan alerts:Kinder Morgan Price Performance
Shares of NYSE KMI opened at $18.69 on Friday. The business's 50 day moving average price is $17.49 and its two-hundred day moving average price is $18.09. The company has a market cap of $42.11 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 5.18 and a beta of 0.94. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a twelve month low of $15.01 and a twelve month high of $20.20.
Kinder Morgan (NYSE:KMI – Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, hitting analysts' consensus estimates of $0.27. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The business's revenue was up 63.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. On average, analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current year.Kinder Morgan Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Friday, July 29th. Kinder Morgan's payout ratio is 103.74%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Kinder Morgan from $19.00 to $20.00 and gave the company an "underweight" rating in a report on Wednesday, April 20th. US Capital Advisors restated a "hold" rating on shares of Kinder Morgan in a report on Wednesday, June 1st. UBS Group upped their target price on Kinder Morgan to $25.00 in a report on Friday, July 22nd. Mizuho upped their target price on Kinder Morgan from $21.00 to $22.00 in a report on Thursday, April 21st. Finally, Wells Fargo & Company dropped their target price on Kinder Morgan to $20.00 and set an "equal weight" rating on the stock in a report on Friday, May 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of "Hold" and an average price target of $21.14.
Insider Activity
In related news, VP John W. Schlosser sold 1,500 shares of the firm's stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total transaction of $28,815.00. Following the completion of the transaction, the vice president now directly owns 31,719 shares of the company's stock, valued at approximately $609,321.99. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP John W. Schlosser sold 1,500 shares of the firm's stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $19.21, for a total value of $28,815.00. Following the transaction, the vice president now owns 31,719 shares of the company's stock, valued at approximately $609,321.99. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the completion of the sale, the vice president now directly owns 28,719 shares in the company, valued at approximately $516,942. The disclosure for this sale can be found here. 14.22% of the stock is owned by corporate insiders.
Kinder Morgan Profile
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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.
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