Empower Advisory Group LLC Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Empower Advisory Group LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,808,896 shares of the pipeline company's stock after purchasing an additional 45,928 shares during the quarter. Empower Advisory Group LLC owned 0.17% of Kinder Morgan worth $84,139,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in shares of Kinder Morgan by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock valued at $504,000 after buying an additional 776 shares in the last quarter. Czech National Bank lifted its holdings in Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company's stock worth $8,689,000 after purchasing an additional 25,406 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in Kinder Morgan by 1,512.7% in the 3rd quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company's stock worth $1,956,000 after purchasing an additional 83,090 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after purchasing an additional 71,984 shares in the last quarter. Finally, Armor Investment Advisors LLC lifted its holdings in Kinder Morgan by 131.2% in the 3rd quarter. Armor Investment Advisors LLC now owns 62,149 shares of the pipeline company's stock worth $1,373,000 after purchasing an additional 35,271 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the firm'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 completion of the transaction, the director now directly owns 6,809,858 shares of the company's stock, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the 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 sale, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction 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 sale, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company's stock.

Kinder Morgan Trading Down 1.2 %

Shares of KMI stock traded down $0.33 on Wednesday, hitting $26.85. The stock had a trading volume of 6,037,798 shares, compared to its average volume of 13,871,131. The company's 50 day moving average price is $23.51 and its 200-day moving average price is $21.32. The firm has a market capitalization of $59.65 billion, a P/E ratio of 23.81, a P/E/G ratio of 3.74 and a beta of 0.91. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $27.58. 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 announced 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 firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm'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. Analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research reports. Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a "buy" rating and a $27.00 price objective on the stock. Stifel Nicolaus boosted their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. Truist Financial boosted 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. Argus upgraded Kinder Morgan from a "hold" rating to a "buy" rating and set a $24.00 target price for the company in a report on Friday, July 19th. Finally, Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus target price of $25.09.

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.