Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Increased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 17.3% during the 3rd quarter, Holdings Channel reports. The fund owned 867,061 shares of the pipeline company’s stock after purchasing an additional 127,743 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kinder Morgan were worth $19,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in KMI. SignalPoint Asset Management LLC increased its position in shares of Kinder Morgan by 1.5% during the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after purchasing an additional 447 shares during the period. Moors & Cabot Inc. increased its position in shares of Kinder Morgan by 0.3% during the 3rd quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock valued at $3,193,000 after purchasing an additional 468 shares during the period. Trust Co. of Oklahoma increased its position in shares of Kinder Morgan by 1.5% during the 3rd 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 period. Pinnacle West Asset Management Inc. increased its position in shares of Kinder Morgan by 0.5% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock valued at $2,124,000 after purchasing an additional 500 shares during the period. Finally, Kingsview Wealth Management LLC increased its position in shares of Kinder Morgan by 1.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock valued at $1,221,000 after purchasing an additional 521 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction dated 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 directly owns 897,652 shares of the company’s stock, 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 sold 727,263 shares of company stock valued at $18,075,634. Insiders own 12.81% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $26.90 on Wednesday. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.81. The business has a 50-day moving average of $25.87 and a two-hundred day moving average of $22.49. The stock has a market capitalization of $59.76 billion, a P/E ratio of 23.60, a P/E/G ratio of 4.00 and a beta of 0.94. 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 quarterly 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $0.25 EPS. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.28%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KMI shares. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. Truist Financial lifted their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $25.75.

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.