Blankinship & Foster LLC Acquires 26,363 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Blankinship & Foster LLC lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 128.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,900 shares of the pipeline company's stock after purchasing an additional 26,363 shares during the period. Blankinship & Foster LLC's holdings in Kinder Morgan were worth $1,036,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after acquiring an additional 797 shares in the last quarter. HM Payson & Co. grew its holdings in Kinder Morgan by 401.8% in 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 during the period. Activest Wealth Management increased its stake in Kinder Morgan by 63.0% in the third quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company's stock valued at $33,000 after purchasing an additional 571 shares in the last quarter. Finally, HWG Holdings LP acquired a new position in shares of Kinder Morgan during the second quarter valued at about $30,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group raised their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Truist Financial increased their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 target price on the stock. Stifel Nicolaus increased 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. Finally, Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Eight 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.75.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now owns 879,652 shares of the company's stock, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 727,263 shares of company stock valued at $18,075,634 in the last 90 days. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

Shares of KMI traded down $0.05 during mid-day trading on Thursday, hitting $26.90. The stock had a trading volume of 10,791,083 shares, compared to its average volume of 13,805,613. 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 current ratio of 0.46 and a quick ratio of 0.35. The business has a fifty day moving average price of $26.03 and a 200-day moving average price of $22.57. The firm has a market cap of $59.76 billion, a P/E ratio of 23.60, a PEG ratio of 4.00 and a beta of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion for 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% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.28%. Kinder Morgan's dividend payout ratio is 100.88%.

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.