AIA Group Ltd Has $5.19 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

AIA Group Ltd reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 13.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,942 shares of the pipeline company's stock after selling 35,361 shares during the period. AIA Group Ltd's holdings in Kinder Morgan were worth $5,190,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan during the 3rd quarter worth $28,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the 1st quarter worth approximately $30,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan in the second quarter valued at approximately $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at approximately $31,000. Finally, HM Payson & Co. boosted its stake 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 buying an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group lifted their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Truist Financial raised their target price on 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 shares of Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, August 27th. Scotiabank increased their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company lifted their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $25.09.

Kinder Morgan Price Performance

Kinder Morgan stock traded up $0.47 during trading hours on Friday, hitting $26.88. The stock had a trading volume of 17,380,260 shares, compared to its average volume of 13,893,846. Kinder Morgan, Inc. has a 1-year low of $16.17 and a 1-year high of $27.00. The stock has a market capitalization of $59.72 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 3.05 and a beta of 0.91. The stock's fifty day moving average is $23.07 and its two-hundred day moving average is $21.08. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI - Get Free Report) 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). The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business'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. As a group, analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.28%. Kinder Morgan's dividend payout ratio is presently 100.88%.

Insider Buying and Selling

In other news, 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 sale, the director now owns 6,809,858 shares of the company's stock, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the company's stock in a transaction dated 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the business's stock in a transaction dated 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 approximately $168,543,985.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 710,992 shares of company stock valued at $17,619,823 in the last quarter. Company insiders own 12.81% of the company's stock.

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.