Janney Capital Management LLC Reduces Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Janney Capital Management LLC reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 112,274 shares of the pipeline company’s stock after selling 545 shares during the period. Janney Capital Management LLC’s holdings in Kinder Morgan were worth $2,480,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KMI. Private Wealth Partners LLC grew its holdings in shares of Kinder Morgan by 3.1% during the third quarter. Private Wealth Partners LLC now owns 310,795 shares of the pipeline company’s stock worth $6,865,000 after buying an additional 9,456 shares in the last quarter. Argonautica Private Wealth Management Inc. grew its holdings in shares of Kinder Morgan by 1.1% during the third quarter. Argonautica Private Wealth Management Inc. now owns 99,569 shares of the pipeline company’s stock worth $2,199,000 after buying an additional 1,075 shares in the last quarter. First Interstate Bank purchased a new stake in shares of Kinder Morgan during the third quarter worth about $212,000. Chicago Partners Investment Group LLC grew its holdings in shares of Kinder Morgan by 2.6% during the third quarter. Chicago Partners Investment Group LLC now owns 746,264 shares of the pipeline company’s stock worth $16,485,000 after buying an additional 18,832 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Kinder Morgan by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 25,849 shares of the pipeline company’s stock worth $571,000 after buying an additional 5,043 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KMI shares. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. UBS Group boosted their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays boosted their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Finally, Truist Financial boosted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.91.

Kinder Morgan Stock Down 1.3 %

Shares of NYSE:KMI opened at $24.18 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $22.85 and a 200 day simple moving average of $20.93. The firm has a market cap of $53.72 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 3.03 and a beta of 0.91. Kinder Morgan, Inc. has a 12-month low of $16.17 and a 12-month high of $25.43.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (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 company 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 firm posted $0.25 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now 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 transaction 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 company’s 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 transaction, the director now 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. 12.64% of the stock is owned by 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.