Evanson Asset Management LLC Sells 12,101 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Evanson Asset Management LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 47.0% during the fourth quarter, HoldingsChannel reports. The firm owned 13,641 shares of the pipeline company’s stock after selling 12,101 shares during the quarter. Evanson Asset Management LLC’s holdings in Kinder Morgan were worth $241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $25,000. VitalStone Financial LLC increased its holdings in shares of Kinder Morgan by 1,451.0% during the 2nd 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 during the last quarter. Hartford Financial Management Inc. acquired a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $26,000. First Capital Advisors Group LLC. acquired a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $29,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $33,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.19 on Thursday, reaching $18.34. The stock had a trading volume of 15,436,929 shares, compared to its average volume of 14,493,002. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. The firm has a fifty day moving average of $17.34 and a two-hundred day moving average of $17.21. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.43. The company has a market cap of $40.70 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 5.04 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.2825 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.16%. Kinder Morgan’s payout ratio is 105.61%.

Insider Activity

In other news, VP John W. Schlosser sold 7,500 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the sale, the vice president now directly owns 3,219 shares in the company, valued at approximately $57,942. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KMI shares. Truist Financial reissued a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and an average price target of $20.20.

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.