Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 746,264 shares of the pipeline company’s stock after purchasing an additional 18,832 shares during the period. Chicago Partners Investment Group LLC’s holdings in Kinder Morgan were worth $16,485,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Kinder Morgan by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,011,296 shares of the pipeline company’s stock worth $91,907,000 after acquiring an additional 24,543 shares during the last quarter. Norden Group LLC bought a new position in Kinder Morgan during the 1st quarter valued at about $2,539,000. J.W. Cole Advisors Inc. grew its position in Kinder Morgan by 68.5% during the 1st quarter. J.W. Cole Advisors Inc. now owns 21,718 shares of the pipeline company’s stock worth $398,000 after acquiring an additional 8,828 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Kinder Morgan by 2.7% in the first quarter. Private Advisor Group LLC now owns 159,755 shares of the pipeline company’s stock valued at $2,930,000 after buying an additional 4,245 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Kinder Morgan by 23.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 40,995 shares of the pipeline company’s stock worth $752,000 after purchasing an additional 7,731 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 1.3 %

NYSE:KMI opened at $24.18 on Friday. The stock’s 50 day moving average price is $22.85 and its two-hundred day moving average price is $20.91. Kinder Morgan, Inc. has a twelve month low of $16.17 and a twelve month high of $25.43. The firm has a market capitalization of $53.72 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 3.07 and a beta of 0.93. The company has a quick ratio of 0.35, a current ratio of 0.46 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 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 business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the company posted $0.25 EPS. The firm’s revenue was down 5.3% on a year-over-year basis. Equities research analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Analysts Set New Price Targets

KMI has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Stifel Nicolaus increased their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 19th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.91.

Insider Activity

In other news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction that occurred 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 sale, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan 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 sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by company insiders.

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.