Keynote Financial Services LLC Invests $211,000 in Kinder Morgan, Inc. (NYSE:KMI)

Keynote Financial Services LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,570 shares of the pipeline company’s stock, valued at approximately $211,000.

Several other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $28,000. HM Payson & Co. grew its position in shares of Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 shares during the last quarter. HWG Holdings LP acquired a new stake in Kinder Morgan during the second quarter worth about $30,000. ZRC Wealth Management LLC bought a new position in Kinder Morgan in the third quarter worth about $36,000. Finally, Pathway Financial Advisers LLC acquired a new position in Kinder Morgan in the first quarter valued at approximately $30,000. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Dax Sanders sold 1,729 shares of the business’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 value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated 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 transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 710,992 shares of company stock worth $17,619,823. Corporate insiders own 12.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KMI. Scotiabank raised their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Wells Fargo & Company raised their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Truist Financial upped their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Friday, July 19th. Finally, The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

Kinder Morgan Trading Up 0.2 %

Kinder Morgan stock opened at $26.41 on Friday. Kinder Morgan, Inc. has a 12-month low of $16.17 and a 12-month high of $26.58. The stock has a market capitalization of $58.67 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. The firm has a 50 day simple moving average of $23.07 and a 200-day simple moving average of $21.08. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

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 net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the business posted $0.25 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared 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. This represents a $1.15 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

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.