The Kinder Morgan, Inc. stake (NYSE:KMI) was decreased by Angeles Wealth Management LLC

Angeles Wealth Management LLC reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 6.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,312 shares of the pipeline company’s stock after selling 766 shares during the period. Angeles Wealth Management LLC’s holdings in Kinder Morgan were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC increased its holdings in shares of Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the first quarter worth $30,000. Redmont Wealth Advisors LLC purchased a new position in Kinder Morgan in the first quarter worth $31,000. OFI Invest Asset Management purchased a new position in Kinder Morgan in the first quarter worth $31,000. Finally, AlphaMark Advisors LLC raised its position in Kinder Morgan by 92.5% during the second quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 925 shares in the last quarter. 62.52% of the shares are currently held by hedge funds and other institutional investors.

Kinder Morgan stock down 1.4%

Shares of KMI stock opened at $20.83 on Thursday. The stock has a market cap of $46.23 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 2.94 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37, and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The company has a 50 day moving average price of $20.96 and a two hundred day moving average price of $19.53.

Kinder Morgan (NYSE:KMI – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. In the same quarter last year, the business earned $0.24 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.2875 per share. This represents a dividend of $1.15 on an annualized basis and a yield of 5.52%. The ex-dividend date was Wednesday, July 31. Kinder Morgan’s dividend payout ratio is 104.55%.

Analysts on Wall Street are forecasting an increase

Several equities analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Royal Bank of Canada upped their target price on Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Truist Financial upped their target price on Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, UBS Group boosted their target price on Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.30, according to data from MarketBeat.

Get the latest research report on Kinder Morgan

Insiders place their bets

In other news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. The transaction was disclosed in a filing with the SEC, which is accessible via this link. In other news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. The transaction was disclosed in a filing with the SEC, which is accessible via this link. Also, Chairman Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the chairman now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 over the last quarter. Company insiders own 12.64% of the company’s shares.

Kinder Morgan Company Profile

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through natural gas pipelines, product pipelines, terminals and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipelines and storage systems; natural gas collection systems and natural gas processing and treatment facilities; natural gas liquids fractionation facilities and transportation systems; and facilities for gasification, liquefaction and storage of liquefied natural gas.

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