PFG Investments LLC Increases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

PFG Investments LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 45,419 shares of the pipeline company’s stock after buying an additional 3,002 shares during the period. PFG Investments LLC’s holdings in Kinder Morgan were worth $1,003,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in KMI. Arkadios Wealth Advisors grew its position in shares of Kinder Morgan by 3.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 81,357 shares of the pipeline company’s stock valued at $1,797,000 after acquiring an additional 2,446 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Kinder Morgan by 30.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 121,106 shares of the pipeline company’s stock valued at $2,639,000 after purchasing an additional 28,278 shares during the last quarter. Parcion Private Wealth LLC bought a new position in Kinder Morgan during the third quarter valued at $533,000. Lyell Wealth Management LP bought a new stake in shares of Kinder Morgan in the third quarter valued at $203,000. Finally, Allworth Financial LP lifted its position in shares of Kinder Morgan by 17.9% during the 3rd quarter. Allworth Financial LP now owns 38,354 shares of the pipeline company’s stock valued at $847,000 after buying an additional 5,834 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction 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 directly owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Park Shaper sold 690,142 shares of the 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 sale, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 817,040 shares of company stock worth $19,747,879 over the last quarter. 12.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research reports. Truist Financial boosted their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Bank of America assumed coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Royal Bank of Canada raised their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, July 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.91.

Kinder Morgan Stock Down 0.2 %

KMI opened at $24.95 on Monday. The company has a market cap of $55.43 billion, a P/E ratio of 21.89, a P/E/G ratio of 3.06 and a beta of 0.93. Kinder Morgan, Inc. has a 12 month low of $15.91 and a 12 month high of $25.43. The business’s 50-day moving average price is $22.50 and its 200-day moving average price is $20.72. The company has a current ratio of 0.46, a quick ratio of 0.28 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 analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.61%. 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.