Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,984 shares of the pipeline company’s stock after selling 1,113 shares during the period. Good Life Advisors LLC’s holdings in Kinder Morgan were worth $335,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KMI. SageView Advisory Group LLC raised its stake in shares of Kinder Morgan by 3.0% in the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 596 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Kinder Morgan by 0.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after purchasing an additional 599 shares in the last quarter. Chronos Wealth Management LLC grew its position in shares of Kinder Morgan by 2.7% during the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock valued at $376,000 after buying an additional 600 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its position in shares of Kinder Morgan by 0.8% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock valued at $1,333,000 after buying an additional 615 shares during the last quarter. Finally, Pacifica Partners Inc. grew its position in shares of Kinder Morgan by 0.3% during the 4th quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock valued at $3,217,000 after buying an additional 620 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

NYSE KMI opened at $18.34 on Friday. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.43. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $40.70 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 5.11 and a beta of 0.90. The company has a 50-day moving average price of $17.34 and a two-hundred day moving average price of $17.21.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. Kinder Morgan’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 105.61%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial reaffirmed 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. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and a consensus target price of $20.20.

Insider Activity

In other news, VP John W. Schlosser sold 7,500 shares of the stock in a transaction that occurred on 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 in the company, valued at $57,942. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.64% of the company’s stock.

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.