Transcend Capital Advisors LLC Sells 1,019 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Transcend Capital Advisors LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 133,008 shares of the pipeline company’s stock after selling 1,019 shares during the period. Transcend Capital Advisors LLC’s holdings in Kinder Morgan were worth $2,346,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. Tucker Asset Management LLC purchased a new position in shares of Kinder Morgan in the 3rd quarter worth about $25,000. Hartford Financial Management Inc. purchased a new stake in Kinder Morgan during the third quarter valued at about $26,000. Activest Wealth Management purchased a new stake in Kinder Morgan during the fourth quarter valued at about $30,000. OFI Invest Asset Management purchased a new stake in Kinder Morgan during the third quarter valued at about $33,000. Finally, Rakuten Securities Inc. purchased a new stake in Kinder Morgan during the fourth quarter valued at about $33,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on KMI. Truist Financial reaffirmed a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.20.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI stock traded down $0.12 during trading on Friday, hitting $18.68. The company had a trading volume of 9,415,524 shares, compared to its average volume of 13,001,248. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock’s 50-day moving average is $17.98 and its two-hundred day moving average is $17.48. The stock has a market capitalization of $41.46 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 5.28 and a beta of 0.90. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.92.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

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.