Capital Management Corp VA Sells 76,444 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Capital Management Corp VA lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 14.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 467,495 shares of the pipeline company’s stock after selling 76,444 shares during the period. Kinder Morgan makes up approximately 1.8% of Capital Management Corp VA’s holdings, making the stock its 22nd largest position. Capital Management Corp VA’s holdings in Kinder Morgan were worth $10,327,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KMI. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the 3rd quarter valued at $28,000. Pathway Financial Advisers LLC acquired a new position in shares of Kinder Morgan during the first quarter valued at about $30,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan in the second quarter valued at about $30,000. Strategic Financial Concepts LLC acquired a new stake in Kinder Morgan during the second quarter worth about $31,000. Finally, HM Payson & Co. increased its stake in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,145 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research reports. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Truist Financial raised their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Scotiabank upped their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, July 19th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $25.09.

Insider Activity

In related news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is owned by insiders.

Kinder Morgan Stock Up 1.3 %

NYSE KMI opened at $24.49 on Tuesday. The stock’s 50 day simple moving average is $22.91 and its 200 day simple moving average is $21.00. Kinder Morgan, Inc. has a one year low of $16.17 and a one year high of $25.43. The firm has a market cap of $54.41 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.91. 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 analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 100.88%.

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.