Disciplined Equity Management Inc. Trims Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Disciplined Equity Management Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 56,060 shares of the pipeline company’s stock after selling 1,200 shares during the quarter. Kinder Morgan comprises about 0.8% of Disciplined Equity Management Inc.’s holdings, making the stock its 20th biggest holding. Disciplined Equity Management Inc.’s holdings in Kinder Morgan were worth $1,238,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HWG Holdings LP purchased a new stake in Kinder Morgan during the 2nd quarter valued at about $30,000. ZRC Wealth Management LLC purchased a new stake in Kinder Morgan during the 3rd quarter valued at about $36,000. Pathway Financial Advisers LLC purchased a new stake in Kinder Morgan during the 1st quarter valued at about $30,000. Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan during the 1st quarter valued at about $31,000. Finally, OFI Invest Asset Management purchased a new stake in Kinder Morgan during the 1st quarter valued at about $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

NYSE KMI opened at $24.70 on Monday. Kinder Morgan, Inc. has a 12 month low of $15.91 and a 12 month high of $24.70. The stock has a market cap of $54.82 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 3.27 and a beta of 0.93. The company’s 50 day moving average is $21.70 and its two-hundred day moving average is $20.27. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion for 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. Kinder Morgan’s revenue was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMI. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Truist Financial raised their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Bank of America raised shares of Kinder Morgan from a “neutral” rating to a “buy” rating and raised their price target for the company from $23.00 to $27.00 in a report on Friday. Finally, Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, July 19th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.18.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Sital K. Mody sold 25,169 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the firm’s 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 completion of the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 in the last three months. 12.64% of the stock is currently owned by corporate 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.