Kinder Morgan, Inc. (NYSE:KMI) Position Increased by NCP Inc.

NCP Inc. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 35.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,889 shares of the pipeline company’s stock after buying an additional 2,833 shares during the quarter. NCP Inc.’s holdings in Kinder Morgan were worth $241,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC lifted its stake in Kinder Morgan by 9.2% in the first quarter. Lazard Asset Management LLC now owns 26,871 shares of the pipeline company’s stock valued at $492,000 after buying an additional 2,274 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Kinder Morgan by 2.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 191,025 shares of the pipeline company’s stock valued at $3,503,000 after acquiring an additional 4,829 shares during the period. Comerica Bank boosted its position in Kinder Morgan by 0.4% during the 1st quarter. Comerica Bank now owns 723,774 shares of the pipeline company’s stock worth $13,274,000 after acquiring an additional 2,568 shares during the period. iA Global Asset Management Inc. increased its holdings in shares of Kinder Morgan by 332.3% during the first quarter. iA Global Asset Management Inc. now owns 79,637 shares of the pipeline company’s stock valued at $1,461,000 after purchasing an additional 61,217 shares during the period. Finally, Montchanin Asset Management LLC acquired a new stake in Kinder Morgan in the first quarter worth about $5,416,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction 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 sale, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the business’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 value of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 0.8 %

Shares of NYSE:KMI opened at $28.09 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.81. 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 cap of $62.39 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 4.01 and a beta of 0.91. The firm has a 50 day simple moving average of $24.82 and a 200 day simple moving average of $21.97.

Kinder Morgan (NYSE:KMI) last released its 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). 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%. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Analyst Ratings Changes

KMI has been the topic of several research analyst reports. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Stifel Nicolaus lifted their price target on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Truist Financial upped their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. UBS Group lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday. 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. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $25.67.

About Kinder Morgan

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.