SG Americas Securities LLC Lowers Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

SG Americas Securities LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 84.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 118,705 shares of the pipeline company’s stock after selling 650,375 shares during the quarter. SG Americas Securities LLC’s holdings in Kinder Morgan were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at about $25,000. Hartford Financial Management Inc. purchased a new stake in Kinder Morgan during the third quarter worth approximately $26,000. VitalStone Financial LLC increased its position in shares of Kinder Morgan by 1,451.0% in the second quarter. VitalStone Financial LLC now owns 1,551 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 1,451 shares in the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at $29,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kinder Morgan during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.4 %

Shares of KMI opened at $18.17 on Thursday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.31. The stock has a 50-day moving average price of $17.33 and a 200 day moving average price of $17.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35. The company has a market capitalization of $40.31 billion, a P/E ratio of 16.98, a P/E/G ratio of 5.03 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.2825 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 annualized dividend and a yield of 6.22%. Kinder Morgan’s payout ratio is 105.61%.

Wall Street Analyst Weigh In

Several research firms have commented on KMI. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reiterated a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.20.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the transaction, the vice president now directly owns 3,219 shares of the company’s stock, valued at approximately $57,942. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.64% of the stock is 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.