Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Clearview Wealth Advisors LLC

Clearview Wealth Advisors LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,887 shares of the pipeline company’s stock after selling 777 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in Kinder Morgan were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KMI. Vanguard Group Inc. boosted its position in shares of Kinder Morgan by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kinder Morgan by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock worth $506,320,000 after buying an additional 317,980 shares during the period. Norges Bank purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at $409,063,000. Dimensional Fund Advisors LP lifted its stake in Kinder Morgan by 16.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock worth $289,087,000 after acquiring an additional 2,309,550 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Kinder Morgan by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock worth $204,319,000 after acquiring an additional 2,125,648 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value 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 approximately $6,455,589. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,311 shares of company stock worth $3,121,891. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.7 %

Shares of KMI traded up $0.15 during mid-day trading on Friday, reaching $21.57. The company’s stock had a trading volume of 26,383,340 shares, compared to its average volume of 11,588,090. The company’s 50 day moving average is $20.74 and its 200 day moving average is $19.29. The stock has a market cap of $47.87 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28.

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 analysts’ consensus estimates of $0.26 by ($0.01). The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.19 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. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMI. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Barclays increased their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. UBS Group boosted their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Friday, July 19th. Finally, Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $22.20.

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.