UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 97,407 Shares of Kinder Morgan, Inc. (NYSE:KMI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,766,462 shares of the pipeline company’s stock after selling 97,407 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kinder Morgan were worth $259,921,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Kinder Morgan during the 1st quarter worth about $525,000. Swedbank AB purchased a new position in shares of Kinder Morgan during the first quarter worth $6,882,000. Cetera Investment Advisers lifted its position in Kinder Morgan by 258.5% during the first quarter. Cetera Investment Advisers now owns 1,420,217 shares of the pipeline company’s stock valued at $26,047,000 after purchasing an additional 1,024,096 shares during the period. Pathway Financial Advisers LLC acquired a new stake in Kinder Morgan during the 1st quarter worth about $30,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Kinder Morgan by 14.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 642,495 shares of the pipeline company’s stock valued at $11,829,000 after buying an additional 80,057 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.7 %

Shares of KMI stock opened at $28.27 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.81. The firm has a market capitalization of $62.81 billion, a P/E ratio of 24.80, a PEG ratio of 4.04 and a beta of 0.91. The stock’s fifty day moving average is $25.20 and its two-hundred day moving average is $22.11. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.07%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on 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 completion of the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group increased their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Truist Financial increased 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. Finally, Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.