Empowered Funds LLC Has $3.82 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Empowered Funds LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 15.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 172,905 shares of the pipeline company’s stock after buying an additional 22,776 shares during the quarter. Empowered Funds LLC’s holdings in Kinder Morgan were worth $3,819,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KMI. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the third quarter worth $28,000. Pathway Financial Advisers LLC acquired a new position in Kinder Morgan in the 1st quarter worth about $30,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth about $30,000. Planning Capital Management Corp grew its stake in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated 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 transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Truist Financial raised their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. UBS Group boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.36.

Kinder Morgan Trading Up 1.9 %

Shares of Kinder Morgan stock opened at $27.79 on Tuesday. The company has a market cap of $61.73 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 3.75 and a beta of 0.91. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $27.84. The company’s fifty day simple moving average is $23.98 and its 200-day simple moving average is $21.57. The company has a current ratio of 0.46, a quick ratio of 0.35 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 (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.14%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

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.