Kinder Morgan, Inc. (NYSE:KMI) Position Boosted by Independent Advisor Alliance

Independent Advisor Alliance boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 7.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 80,580 shares of the pipeline company’s stock after buying an additional 5,553 shares during the period. Independent Advisor Alliance’s holdings in Kinder Morgan were worth $1,780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SignalPoint Asset Management LLC increased its holdings in shares of Kinder Morgan by 1.5% in the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after acquiring an additional 447 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Kinder Morgan by 0.3% in the third quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock worth $3,193,000 after purchasing an additional 468 shares during the period. Trust Co. of Oklahoma increased its stake in Kinder Morgan by 1.5% during the third quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock valued at $742,000 after purchasing an additional 486 shares during the last quarter. Pinnacle West Asset Management Inc. raised its holdings in shares of Kinder Morgan by 0.5% during the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock worth $2,124,000 after purchasing an additional 500 shares during the period. Finally, Kingsview Wealth Management LLC lifted its position in shares of Kinder Morgan by 1.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock worth $1,221,000 after buying an additional 521 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of several recent research reports. Truist Financial upped their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Barclays raised their target price on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. UBS Group upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. 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 target price for the company. Finally, Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.67.

Kinder Morgan Stock Performance

KMI opened at $28.09 on Wednesday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The company has a market capitalization of $62.39 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 4.10 and a beta of 0.91. The business has a 50 day moving average price of $24.82 and a two-hundred day moving average price of $21.97. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business earned $0.25 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. Research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.09%. Kinder Morgan’s payout ratio is currently 100.88%.

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction 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 sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Kinder Morgan 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.