9,134 Shares in Kinder Morgan, Inc. (NYSE:KMI) Bought by Leo Wealth LLC

Leo Wealth LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,134 shares of the pipeline company’s stock, valued at approximately $202,000.

Other hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC grew its stake in shares of Kinder Morgan by 5.5% in the 1st quarter. Park Avenue Securities LLC now owns 46,023 shares of the pipeline company’s stock worth $844,000 after buying an additional 2,379 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Kinder Morgan by 17.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 43,710 shares of the pipeline company’s stock worth $802,000 after purchasing an additional 6,354 shares during the last quarter. Ausbil Investment Management Ltd boosted its stake in Kinder Morgan by 8.8% in the 1st quarter. Ausbil Investment Management Ltd now owns 273,937 shares of the pipeline company’s stock worth $5,043,000 after purchasing an additional 22,112 shares in the last quarter. Stokes Capital Advisors LLC grew its position in Kinder Morgan by 0.9% during the 1st quarter. Stokes Capital Advisors LLC now owns 150,579 shares of the pipeline company’s stock valued at $2,762,000 after purchasing an additional 1,405 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in Kinder Morgan by 3.7% during the 1st quarter. 180 Wealth Advisors LLC now owns 18,421 shares of the pipeline company’s stock valued at $338,000 after purchasing an additional 652 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 817,040 shares of company stock valued at $19,747,879. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $24.76 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The stock has a 50-day simple moving average of $22.35 and a two-hundred day simple moving average of $20.61. The firm has a market capitalization of $54.95 billion, a PE ratio of 22.51, a P/E/G ratio of 3.27 and a beta of 0.93. Kinder Morgan, Inc. has a 52-week low of $15.91 and a 52-week high of $25.43.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. Analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays lifted their target price on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Truist Financial upped their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 19th. Finally, 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. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $24.91.

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.