Empowered Funds LLC Boosts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Empowered Funds LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 15.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 172,905 shares of the pipeline company's stock after buying an additional 22,776 shares during the quarter. Empowered Funds LLC's holdings in Kinder Morgan were worth $3,819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empirical Finance LLC increased its stake in shares of Kinder Morgan by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 67,428 shares of the pipeline company's stock worth $1,489,000 after acquiring an additional 1,325 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Kinder Morgan by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 341,054 shares of the pipeline company's stock valued at $7,534,000 after acquiring an additional 22,151 shares during the last quarter. Sargent Investment Group LLC grew its holdings in shares of Kinder Morgan by 2.6% in the third quarter. Sargent Investment Group LLC now owns 87,339 shares of the pipeline company's stock valued at $1,929,000 after purchasing an additional 2,245 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in Kinder Morgan by 10.2% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 87,736 shares of the pipeline company's stock worth $1,938,000 after purchasing an additional 8,120 shares during the last quarter. Finally, Curi RMB Capital LLC raised its stake in Kinder Morgan by 1.1% during the third quarter. Curi RMB Capital LLC now owns 691,613 shares of the pipeline company's stock worth $15,278,000 after purchasing an additional 7,289 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity

In related news, Director C Park Shaper sold 690,142 shares of the company'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 completion of the sale, the director now directly owns 6,809,858 shares of the company's stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company's stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.81% of the company's stock.

Kinder Morgan Stock Up 1.0 %

Shares of Kinder Morgan stock traded up $0.29 during trading on Tuesday, hitting $28.07. 15,443,278 shares of the stock were exchanged, compared to its average volume of 13,888,622. 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 firm's 50-day moving average price is $24.12 and its 200 day moving average price is $21.64. The stock has a market cap of $62.36 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $28.15.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $0.25 earnings per share. The company's revenue was down 5.3% compared to the same quarter last year. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 annualized dividend and a dividend yield of 4.10%. Kinder Morgan's dividend payout ratio is presently 100.88%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMI. Barclays raised their price target 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. Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 22nd. Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target for the company. Truist Financial boosted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a report on Thursday, October 17th. Finally, UBS Group increased their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.36.

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.