July 28, 2023 – Great Valley Advisor Group Inc. recently announced that it has decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by a significant margin of 51.9% during the first quarter of this year. This action was confirmed through the company’s latest filing with the Securities and Exchange Commission (SEC). Reports indicate that the institutional investor now only owns 31,459 shares of Kinder Morgan’s stock after selling off an impressive total of 33,897 shares within the specified time frame. At the end of the first quarter, Great Valley Advisor Group Inc.’s stake in Kinder Morgan had a valuation of $551,000.
It is important to note that Kinder Morgan, Inc. recently disclosed its plans to distribute a quarterly dividend on Tuesday, August 15th. Shareholders who are officially recorded as investors on Monday, July 31st will be entitled to receive a dividend payment of $0.2825 per share. However, shareholders who buy or sell their shares on or after Friday, July 28th will not be eligible for this particular dividend distribution. The annualized dividend amounts to approximately $1.13 per share and offers a yield of about 6.35%. It should be highlighted that Kinder Morgan’s payout ratio stands at an unusually high rate of 101.80%.
In additional news related to Kinder Morgan, Inc., Vice President John W. Schlosser executed a notable stock transaction on Monday, July 24th. Schlosser sold a total of 7,500 shares at an average price of $18.00 each, resulting in a sum of $135,000 for the overall transaction value. Following this sale, Schlosser currently holds 12,219 shares in the company which have been valued at approximately $219,942.
As expected when such transactions occur within publicly traded companies like Kinder Morgan, all relevant information pertaining to the sale was disclosed in a document filed with the SEC. It is essential that interested parties review this disclosure, which can be accessed through a provided hyperlink.
It is important to note that insider selling of shares has garnered attention recently among investors and market analysts. These types of transactions may elicit mixed reactions and interpretations within the investment community. While some may view insider selling as an indication of potential issues within a company, others may argue that it could simply be part of regular portfolio management or cashing in on opportunities for personal gain.
As always, it is advisable for individual investors to conduct thorough research and consider multiple factors before making any investment decisions. Market conditions and company news are constantly evolving, so it is crucial to stay informed regarding any updates related to Kinder Morgan, Inc., particularly when considering its past financial performance, current position within the industry, and future prospects.
Kinder Morgan, Inc.
KMI
Strong Buy
Updated on: 29/07/2023
Kinder Morgan: Analyzing Recent Financial Developments and Analyst Views
Kinder Morgan: A Closer Look at Recent Financial Developments and Analyst Opinions
Introduction
As of the disclosed data till July 28, 2023, several hedge funds and institutional investors have made significant moves with regards to their stakes in Kinder Morgan, a leading pipeline company. Furthermore, analysts have shared their opinions on the company’s performance and future prospects. In this article, we will explore these recent financial developments, including stake acquisitions by notable investors and analyst ratings. We will also delve into Kinder Morgan’s dividend announcement as well as its market position in order to provide a comprehensive overview.
Investor Activity
Some noteworthy institutional investors have either increased or reduced their stakes in Kinder Morgan. In the fourth quarter of the previous year, Migdal Insurance & Financial Holdings Ltd., Freedom Wealth Alliance LLC, and US Asset Management LLC bought new stakes valued at approximately $25,000, $27,000, and $33,000 respectively. Simultaneously, Laffer Tengler Investments augmented its holdings by 103.5%, resulting in them now owning 1,966 shares worth $36,000 after purchasing an additional 1,000 shares. Lastly, Asset Dedication LLC enhanced its holdings by 66.3%, amounting to 2,119 shares valued at $38,000 after acquiring an additional 845 shares during the same period. It is essential to note that institutional investors collectively own 61.03% of Kinder Morgan’s stock.
Analyst Commentary
Various analysts have expressed their viewpoints regarding Kinder Morgan’s performance and outlook. Recently Wolfe Research upgraded the company from an “underperform” rating to a “peer perform” rating on July 12th. Barclays followed suit but decreased their price objective from $20.00 to $19.00 on July 18th.
On May 18th StockNews.com initiated coverage on Kinder Morgan with a “hold” rating for the company. Finally, Royal Bank of Canada reaffirmed their “sector perform” rating and set a target price of $20.00 on July 20th. Overall, analysts’ opinions have been divided, with one analyst giving the stock a sell rating, eight assigning a hold rating, and two issuing a buy rating. Following Bloomberg data, Kinder Morgan currently holds an average rating of “Hold” with a consensus price target of $19.89.
Dividend Announcement
Kinder Morgan recently declared their quarterly dividend payment schedule, which will become effective on Tuesday, August 15th. Investors who are recorded as shareholders by Monday, July 31st will receive a dividend of $0.2825 per share. Consequently, the ex-dividend date has been set for Friday, July 28th. This represents an annualized dividend payout of $1.13 and translates to an impressive yield of 6.35%. It is notable that Kinder Morgan’s payout ratio stands at 101.80%.
Market Performance
On Friday, July 28th Kinder Morgan’s stock opened at $17.81 per share. Over the past year, the company’s stock reached its lowest point at $16.00 and its highest at $19.35 respectively, displaying some degree of volatility within that timeframe.
From a liquidity perspective, Kinder Morgan currently has a current ratio of 0.49 and a quick ratio of 0.44—both figures highlighting its ability to meet immediate financial obligations when necessary.
With regard to debt management, Kinder Morgan maintains a debt-to-equity ratio of 0.90—a relatively favorable figure suggesting efficient capital structure management.
Conclusion
Looking closely at Kinder Morgan’s recent financial developments and analyst opinions provides valuable insights into the company’s standing in the market today.
The involvement of hedge funds and institutional investors in acquiring stakes indicates confidence in Kinder Morgan’s potential for growth and profitability in the long run. Analyst ratings present a mixed outlook, reflecting both caution and optimism. The recent dividend announcement and its impressive yield demonstrate the company’s commitment to rewarding shareholders.
Considering all these factors, prospective investors should conduct further research to evaluate Kinder Morgan’s prospects based on their individual investment goals and risk appetite.
