Raleigh Capital Management Inc. Lowers Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Raleigh Capital Management Inc. cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,306 shares of the pipeline company’s stock after selling 633 shares during the period. Raleigh Capital Management Inc.’s holdings in Kinder Morgan were worth $529,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Duquesne Family Office LLC increased its holdings in shares of Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after acquiring an additional 2,872,665 shares during the period. Barclays PLC boosted its position in 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 purchasing an additional 2,334,273 shares in the last quarter. National Bank of Canada FI grew its stake in Kinder Morgan by 295.5% in the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Kinder Morgan by 1,849.7% in the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after purchasing an additional 2,053,612 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Kinder Morgan by 295.2% during the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after buying an additional 1,257,428 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,121 shares of company stock worth $1,497,000. Corporate insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Truist Financial increased their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their target price on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Barclays upped their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group raised their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $27.00.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $30.79 on Thursday. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market cap of $68.40 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94. The company’s 50 day moving average is $27.90 and its 200 day moving average is $24.32.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 3.74%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

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.