Rosenberg Matthew Hamilton Purchases 1,058 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Rosenberg Matthew Hamilton raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,281 shares of the pipeline company’s stock after buying an additional 1,058 shares during the period. Rosenberg Matthew Hamilton’s holdings in Kinder Morgan were worth $227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMI. HM Payson & Co. boosted its holdings in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares during the period. Oak Harvest Investment Services raised its position in Kinder Morgan by 1.1% in the third quarter. Oak Harvest Investment Services now owns 539,922 shares of the pipeline company’s stock worth $11,927,000 after acquiring an additional 5,895 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in Kinder Morgan by 100.1% in the third quarter. JFS Wealth Advisors LLC now owns 2,277 shares of the pipeline company’s stock valued at $50,000 after acquiring an additional 1,139 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of Kinder Morgan by 12.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 124,665 shares of the pipeline company’s stock worth $2,754,000 after purchasing an additional 13,823 shares during the period. Finally, Evermay Wealth Management LLC lifted its stake in shares of Kinder Morgan by 3.2% in the third quarter. Evermay Wealth Management LLC now owns 35,657 shares of the pipeline company’s stock valued at $788,000 after purchasing an additional 1,095 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This 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 can be accessed through this hyperlink. In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on KMI shares. Royal Bank of Canada upped their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Truist Financial increased their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus upped their price target on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.91.

Kinder Morgan Price Performance

Shares of KMI traded down $0.15 during mid-day trading on Thursday, reaching $24.40. 2,824,249 shares of the company’s stock were exchanged, compared to its average volume of 13,749,921. Kinder Morgan, Inc. has a 52-week low of $16.06 and a 52-week high of $25.43. The company has a market cap of $54.15 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 3.06 and a beta of 0.93. The company has a 50-day simple moving average of $22.72 and a two-hundred day simple moving average of $20.84. The company has a quick ratio of 0.28, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.71%. Kinder Morgan’s payout ratio is 104.55%.

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.