Savvy Advisors Inc. Purchases 3,444 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Savvy Advisors Inc. grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 28.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,672 shares of the pipeline company’s stock after acquiring an additional 3,444 shares during the period. Savvy Advisors Inc.’s holdings in Kinder Morgan were worth $346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $28,000. Pathway Financial Advisers LLC bought a new position in Kinder Morgan during the 1st quarter worth about $30,000. HWG Holdings LP purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan during the second quarter worth $31,000. Finally, HM Payson & Co. raised its stake in Kinder Morgan by 401.8% in the third 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. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 6,809,858 shares in the company, 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 is accessible through this link. In related news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This represents 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. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated 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 transaction, the director now directly 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. Insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Down 0.3 %

Shares of NYSE KMI opened at $27.18 on Wednesday. The stock has a fifty day moving average price of $23.39 and a 200 day moving average price of $21.26. The company has a market cap of $60.38 billion, a P/E ratio of 23.84, a P/E/G ratio of 3.75 and a beta of 0.91. 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, Inc. has a 12-month low of $16.34 and a 12-month high of $27.58.

Kinder Morgan (NYSE:KMI) last posted its quarterly 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). 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 analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $0.25 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis. Research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research reports. Truist Financial increased their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Barclays boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Scotiabank boosted their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Finally, Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 19th. Eight investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.09.

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.