Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Covestor Ltd

Covestor Ltd lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 62.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,562 shares of the pipeline company’s stock after selling 2,553 shares during the period. Covestor Ltd’s holdings in Kinder Morgan were worth $35,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the 3rd quarter worth about $28,000. Pathway Financial Advisers LLC acquired a new position in Kinder Morgan during the 1st quarter worth about $30,000. HWG Holdings LP acquired a new position in Kinder Morgan during the 2nd quarter worth about $30,000. Strategic Financial Concepts LLC acquired a new position in Kinder Morgan during the 2nd quarter worth about $31,000. Finally, HM Payson & Co. lifted its stake in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Trading Up 1.9 %

NYSE:KMI opened at $27.27 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $23.72 and its two-hundred day moving average is $21.40. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $27.58. The company has a market cap of $60.58 billion, a PE ratio of 23.66, a P/E/G ratio of 3.69 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business earned $0.25 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMI. UBS Group upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial upped their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock 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 target on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. upped 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. Finally, Wells Fargo & Company upped their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Eight 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.36.

Kinder Morgan Company 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.