First Foundation Advisors Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

First Foundation Advisors reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,596 shares of the pipeline company’s stock after selling 2,044 shares during the period. First Foundation Advisors’ holdings in Kinder Morgan were worth $318,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KMI. Nomura Asset Management Co. Ltd. boosted its stake in shares of Kinder Morgan by 7.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 629,421 shares of the pipeline company’s stock valued at $13,904,000 after purchasing an additional 41,018 shares during the period. Barclays PLC grew its stake in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Kinder Morgan by 17.9% during the third quarter. Coldstream Capital Management Inc. now owns 42,217 shares of the pipeline company’s stock worth $961,000 after acquiring an additional 6,404 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Kinder Morgan by 62.2% in the third quarter. Sanctuary Advisors LLC now owns 746,606 shares of the pipeline company’s stock valued at $16,493,000 after purchasing an additional 286,358 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Kinder Morgan during the 3rd quarter worth approximately $826,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,461 shares of company stock worth $3,506,116. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 1.9 %

Shares of KMI stock opened at $25.76 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a market cap of $57.23 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The business’s fifty day moving average is $26.97 and its 200-day moving average is $26.74. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.47%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Morgan Stanley increased their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Finally, Royal Bank of Canada raised their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

About Kinder Morgan

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.