Parcion Private Wealth LLC Acquires New Stake in Kinder Morgan, Inc. (NYSE:KMI)

Parcion Private Wealth LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,132 shares of the pipeline company’s stock, valued at approximately $533,000.

A number of other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the 3rd quarter worth approximately $28,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the 1st quarter worth approximately $30,000. HWG Holdings LP bought a new position in shares of Kinder Morgan in the 2nd quarter worth $30,000. Redmont Wealth Advisors LLC purchased a new position in Kinder Morgan in the first quarter worth $31,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Kinder Morgan during the second quarter valued at about $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, Director C Park Shaper sold 690,142 shares of the company’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 transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Sital K. Mody sold 25,169 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was 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 817,040 shares of company stock valued at $19,747,879 in the last ninety days. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

KMI opened at $24.96 on Friday. The stock has a market capitalization of $55.45 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 3.06 and a beta of 0.93. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $25.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.46. The company has a fifty day moving average of $22.42 and a 200 day moving average of $20.64.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.61%. Kinder Morgan’s payout ratio is 100.88%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KMI shares. Stifel Nicolaus raised their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Truist Financial upped their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Wells Fargo & Company raised their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Barclays lifted their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.91.

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.