Wilmington Savings Fund Society FSB Acquires Shares of 17,462 Kinder Morgan, Inc. (NYSE:KMI)

Wilmington Savings Fund Society FSB acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 17,462 shares of the pipeline company’s stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth about $28,000. HWG Holdings LP purchased a new stake in Kinder Morgan during the second quarter worth approximately $30,000. Planning Capital Management Corp boosted its holdings in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Kinder Morgan in the second quarter valued at approximately $31,000. Finally, HM Payson & Co. raised its holdings in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.2 %

NYSE KMI opened at $26.56 on Tuesday. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.81. The firm has a 50-day moving average price of $26.23 and a 200 day moving average price of $22.76. The stock has a market capitalization of $59.01 billion, a P/E ratio of 23.30, a P/E/G ratio of 3.88 and a beta of 0.95. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

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). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. Equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insiders Place Their Bets

In related news, Director C Park Shaper sold 690,142 shares of the company’s 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 sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased 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 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. Over the last three months, insiders have sold 727,263 shares of company stock worth $18,075,634. 12.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on KMI shares. Bank of America assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. UBS Group raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company boosted their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Stifel Nicolaus lifted their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, Truist Financial boosted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.75.

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.