Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Caprock Group LLC

Caprock Group LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 89.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,334 shares of the pipeline company's stock after purchasing an additional 31,767 shares during the quarter. Caprock Group LLC's holdings in Kinder Morgan were worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of Kinder Morgan by 186.8% during the 1st quarter. Acadian Asset Management LLC now owns 47,437 shares of the pipeline company's stock worth $868,000 after purchasing an additional 30,899 shares during the period. Covestor Ltd lifted its position in shares of Kinder Morgan by 41.4% during the first quarter. Covestor Ltd now owns 4,084 shares of the pipeline company's stock worth $75,000 after purchasing an additional 1,196 shares during the last quarter. Pitcairn Co. purchased a new stake in shares of Kinder Morgan during the first quarter valued at $202,000. Natixis grew its holdings in shares of Kinder Morgan by 31.8% in the first quarter. Natixis now owns 268,543 shares of the pipeline company's stock worth $4,925,000 after purchasing an additional 64,782 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in Kinder Morgan by 792.7% during the 1st quarter. Vident Advisory LLC now owns 233,781 shares of the pipeline company's stock valued at $4,288,000 after buying an additional 207,592 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 target price for the company. 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 report on Thursday, October 17th. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. The Goldman Sachs Group restated a "conviction-buy" rating on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Barclays boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $25.36.

Kinder Morgan Stock Performance

KMI traded up $0.56 during trading on Thursday, reaching $28.56. The company's stock had a trading volume of 7,084,694 shares, compared to its average volume of 13,852,333. 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's fifty day moving average price is $24.26 and its 200-day moving average price is $21.68. The company has a market capitalization of $63.45 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.86 and a beta of 0.91. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Kinder Morgan's revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.03%. Kinder Morgan's payout ratio is 100.88%.

Insider Activity

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company's stock.

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.