Salomon & Ludwin LLC Sells 875 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Salomon & Ludwin LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 24.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,636 shares of the pipeline company’s stock after selling 875 shares during the quarter. Salomon & Ludwin LLC’s holdings in Kinder Morgan were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. RWA Wealth Partners LLC boosted its position in shares of Kinder Morgan by 14.7% during the fourth quarter. RWA Wealth Partners LLC now owns 14,251 shares of the pipeline company’s stock worth $251,000 after purchasing an additional 1,830 shares in the last quarter. Larson Financial Group LLC lifted its position in Kinder Morgan by 65.6% in the 4th quarter. Larson Financial Group LLC now owns 4,581 shares of the pipeline company’s stock valued at $81,000 after acquiring an additional 1,814 shares in the last quarter. GAMMA Investing LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $187,000. Atria Wealth Solutions Inc. lifted its position in Kinder Morgan by 8.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 181,732 shares of the pipeline company’s stock valued at $3,206,000 after acquiring an additional 13,943 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in Kinder Morgan by 4.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 72,008 shares of the pipeline company’s stock valued at $1,270,000 after acquiring an additional 2,998 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Transactions at Kinder Morgan

In related news, VP Sital K. Mody sold 25,169 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Sital K. Mody sold 25,169 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated 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 owns 307,409 shares in the company, valued at approximately $6,455,589. The disclosure for this sale can be found here. Insiders have sold 148,311 shares of company stock worth $3,121,891 in the last ninety days. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. UBS Group boosted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Barclays boosted their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted 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. Finally, Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Friday, July 19th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $22.11.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded up $0.13 during trading on Monday, hitting $21.41. 4,511,688 shares of the stock were exchanged, compared to its average volume of 13,940,203. The stock has a market capitalization of $47.52 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. The company has a fifty day moving average price of $20.57 and a 200-day moving average price of $19.14. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $21.86. 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 quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.37%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

About Kinder Morgan

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.