ORG Partners LLC Has $86,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

ORG Partners LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 88.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,687 shares of the pipeline company’s stock after selling 35,707 shares during the period. ORG Partners LLC’s holdings in Kinder Morgan were worth $86,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KMI. Norges Bank bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $409,063,000. Confluence Investment Management LLC bought a new stake in Kinder Morgan in the first quarter valued at approximately $87,627,000. Kayne Anderson Capital Advisors LP increased its stake in Kinder Morgan by 45.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after purchasing an additional 3,135,457 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Kinder Morgan by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock valued at $289,087,000 after purchasing an additional 2,309,550 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Kinder Morgan by 1,602.8% during the fourth quarter. International Assets Investment Management LLC now owns 2,082,420 shares of the pipeline company’s stock worth $36,734,000 after acquiring an additional 1,960,125 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan 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 sale, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan 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 sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dax Sanders sold 50,000 shares of Kinder Morgan 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 completion of the sale, 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. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.03 during midday trading on Friday, reaching $20.19. The stock had a trading volume of 18,465,635 shares, compared to its average volume of 13,653,154. The firm has a 50 day simple moving average of $19.56 and a 200-day simple moving average of $18.37. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $20.32. The firm has a market cap of $44.81 billion, a PE ratio of 18.33, a P/E/G ratio of 3.17 and a beta of 0.93. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 5.70%. Kinder Morgan’s payout ratio is presently 104.55%.

Analyst Ratings Changes

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

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.