Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Northcape Wealth Management LLC

Northcape Wealth Management LLC cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 355,059 shares of the pipeline company’s stock after selling 6,689 shares during the quarter. Kinder Morgan makes up 2.3% of Northcape Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Northcape Wealth Management LLC’s holdings in Kinder Morgan were worth $6,263,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. SageView Advisory Group LLC raised its stake in shares of Kinder Morgan by 3.0% during the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after buying an additional 596 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Kinder Morgan by 0.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock worth $2,463,000 after buying an additional 599 shares in the last quarter. Cubic Asset Management LLC raised its stake in shares of Kinder Morgan by 5.1% during the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after buying an additional 600 shares in the last quarter. Argonautica Private Wealth Management Inc. raised its stake 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 worth $1,333,000 after buying an additional 615 shares in the last quarter. Finally, Pacifica Partners Inc. raised its stake 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 worth $3,217,000 after buying an additional 620 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

NYSE:KMI traded down $0.31 during trading hours on Tuesday, reaching $18.29. 16,057,926 shares of the company traded hands, compared to its average volume of 14,220,674. The firm’s 50-day moving average is $18.01 and its 200-day moving average is $17.49. The stock has a market cap of $40.59 billion, a P/E ratio of 16.91, a P/E/G ratio of 5.28 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 6.29%. Kinder Morgan’s dividend payout ratio (DPR) is 102.73%.

Insider Transactions at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.81% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of several research analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and a consensus target price of $20.20.

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.