Valley National Advisers Inc. Sells 1,886 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Valley National Advisers Inc. cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 25.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,442 shares of the pipeline company’s stock after selling 1,886 shares during the quarter. Valley National Advisers Inc.’s holdings in Kinder Morgan were worth $99,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Tucker Asset Management LLC bought a new position in Kinder Morgan during the third quarter worth $25,000. True Wealth Design LLC grew its stake in shares of Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares during the period. Altshuler Shaham Ltd bought a new stake in Kinder Morgan in the 4th quarter valued at about $26,000. Activest Wealth Management acquired a new position in Kinder Morgan during the 4th quarter worth approximately $30,000. Finally, Redmont Wealth Advisors LLC bought a new position in Kinder Morgan in the first quarter worth approximately $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were 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 $5,116,612.75. The disclosure for this sale can be found here. Corporate insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.24 during trading on Wednesday, reaching $19.96. 11,016,114 shares of the stock traded hands, compared to its average volume of 13,698,746. The company has a 50-day moving average of $19.36 and a 200-day moving average of $18.26. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $20.19. The stock has a market capitalization of $44.30 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 3.14 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. The company’s revenue was down 1.2% compared to the same quarter last year. Analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.2875 per share. The ex-dividend date was Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 5.76%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Truist Financial restated a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. UBS Group lifted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

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.