Sunbelt Securities Inc. Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Sunbelt Securities Inc. boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 90,560 shares of the pipeline company’s stock after purchasing an additional 414 shares during the quarter. Sunbelt Securities Inc.’s holdings in Kinder Morgan were worth $2,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empire Financial Management Company LLC increased its holdings in shares of Kinder Morgan by 73.8% in the 3rd quarter. Empire Financial Management Company LLC now owns 82,400 shares of the pipeline company’s stock valued at $1,820,000 after acquiring an additional 35,000 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in Kinder Morgan by 17.9% in the third quarter. Coldstream Capital Management Inc. now owns 42,217 shares of the pipeline company’s stock valued at $961,000 after purchasing an additional 6,404 shares during the last quarter. Ashford Capital Management Inc. purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $1,733,000. Barclays PLC boosted its holdings in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in shares of Kinder Morgan by 9.3% in the 3rd quarter. Continuum Advisory LLC now owns 9,438 shares of the pipeline company’s stock valued at $208,000 after buying an additional 806 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of the firm’s 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 completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 727,263 shares of company stock worth $18,075,634 over the last 90 days. Company insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KMI shares. Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. 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. UBS Group lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $25.75.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $26.90 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.81. The company has a 50-day moving average price of $25.87 and a 200 day moving average price of $22.49. The company has a market cap of $59.76 billion, a P/E ratio of 23.60, a PEG ratio of 4.00 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS 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 business 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 business earned $0.25 earnings per share. The firm’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 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.28%. Kinder Morgan’s dividend payout ratio (DPR) is presently 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.