CreativeOne Wealth LLC Has $2.42 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

CreativeOne Wealth LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 35.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,321 shares of the pipeline company’s stock after buying an additional 28,388 shares during the period. CreativeOne Wealth LLC’s holdings in Kinder Morgan were worth $2,415,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KMI. Dimensional Fund Advisors LP boosted its position in shares of Kinder Morgan by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after acquiring an additional 257,658 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after buying an additional 69,307 shares during the last quarter. First Pacific Advisors LP grew its position in Kinder Morgan by 2.0% in the second quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company’s stock valued at $162,913,000 after acquiring an additional 163,294 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Kinder Morgan by 20.6% in the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after purchasing an additional 1,328,082 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock valued at $163,116,000 after purchasing an additional 164,152 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred 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 sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.81% of the stock is owned by company insiders.

Kinder Morgan Trading Down 0.1 %

Shares of KMI stock opened at $28.07 on Thursday. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.81. The company has a 50-day simple moving average of $24.95 and a two-hundred day simple moving average of $22.01. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The company has a market capitalization of $62.36 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 4.01 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 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 business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the business posted $0.25 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMI shares. Truist Financial boosted their target price 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. Stifel Nicolaus upped their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group upped their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Barclays lifted 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 report on Monday, November 4th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.67.

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.