Hennion & Walsh Asset Management Inc. Has $1.68 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Hennion & Walsh Asset Management Inc. lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,250 shares of the pipeline company’s stock after selling 1,083 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Kinder Morgan were worth $1,684,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC boosted its holdings in Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after purchasing an additional 2,053,612 shares during the period. Greenleaf Trust grew its position in Kinder Morgan by 4.6% during the third quarter. Greenleaf Trust now owns 59,711 shares of the pipeline company’s stock worth $1,319,000 after buying an additional 2,635 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Kinder Morgan during the 3rd quarter worth $240,000. Albert D Mason Inc. raised its holdings in Kinder Morgan by 1.4% in the 3rd quarter. Albert D Mason Inc. now owns 73,642 shares of the pipeline company’s stock valued at $1,627,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Kinder Morgan by 0.7% during the 3rd quarter. Private Advisor Group LLC now owns 170,781 shares of the pipeline company’s stock valued at $3,773,000 after acquiring an additional 1,141 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.1 %

Shares of NYSE KMI opened at $24.96 on Friday. The company has a 50 day simple moving average of $22.42 and a 200 day simple moving average of $20.64. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 1 year low of $15.91 and a 1 year high of $25.43. The firm has a market cap of $55.45 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.61%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Insider Buying and Selling

In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total transaction of $529,555.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Sital K. Mody sold 25,169 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The disclosure for this sale can be found here. Insiders have sold a total of 817,040 shares of company stock valued at $19,747,879 over the last ninety days. 12.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMI. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Truist Financial upped their price target 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. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. UBS Group raised their target price on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.