EP Wealth Advisors LLC Purchases 33,512 Shares of Kinder Morgan, Inc. (NYSE:KMI)

EP Wealth Advisors LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 32.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,513 shares of the pipeline company's stock after purchasing an additional 33,512 shares during the period. EP Wealth Advisors LLC's holdings in Kinder Morgan were worth $3,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan during the 3rd quarter worth $28,000. HWG Holdings LP acquired a new stake in Kinder Morgan during the 2nd quarter worth $30,000. Planning Capital Management Corp raised its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after buying an additional 797 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Kinder Morgan during the 2nd quarter worth $31,000. Finally, HM Payson & Co. raised its stake in Kinder Morgan by 401.8% during the 3rd 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 period. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 727,263 shares of company stock worth $18,075,634. Company insiders own 12.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Stifel Nicolaus lifted their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, August 27th. UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Friday. Truist Financial lifted their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price target on 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $25.75.

Kinder Morgan Price Performance

NYSE KMI traded down $0.67 on Monday, hitting $27.10. 12,134,383 shares of the company's stock were exchanged, compared to its average volume of 13,805,750. The stock has a 50-day moving average of $25.87 and a 200-day moving average of $22.49. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.81. The stock has a market cap of $60.21 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 4.00 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share 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 the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company earned $0.25 earnings per share. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.24%. Kinder Morgan's payout ratio is currently 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.