Janus Henderson Group PLC Grows Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Janus Henderson Group PLC raised its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 102.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494,385 shares of the pipeline company's stock after purchasing an additional 249,640 shares during the quarter. Janus Henderson Group PLC's holdings in Kinder Morgan were worth $10,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank grew its stake in Kinder Morgan by 8.1% in the 2nd quarter. Czech National Bank now owns 367,945 shares of the pipeline company's stock worth $7,311,000 after acquiring an additional 27,594 shares in the last quarter. RFG Advisory LLC grew its stake in Kinder Morgan by 5.2% in the 2nd quarter. RFG Advisory LLC now owns 15,861 shares of the pipeline company's stock worth $315,000 after acquiring an additional 778 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Kinder Morgan by 3.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 42,325 shares of the pipeline company's stock worth $841,000 after acquiring an additional 1,330 shares in the last quarter. Wedmont Private Capital grew its stake in Kinder Morgan by 5.7% in the 2nd quarter. Wedmont Private Capital now owns 30,305 shares of the pipeline company's stock worth $612,000 after acquiring an additional 1,631 shares in the last quarter. Finally, Roman Butler Fullerton & Co. grew its stake in Kinder Morgan by 23.3% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 32,686 shares of the pipeline company's stock worth $657,000 after acquiring an additional 6,168 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 business's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the firm'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 completion of the transaction, the director now directly 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. Over 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.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.67 on Monday, hitting $27.10. 12,134,383 shares of the company were exchanged, compared to its average volume of 13,805,750. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The stock's 50 day moving average price is $25.87 and its 200 day moving average price is $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. The firm has a market capitalization of $60.21 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 4.00 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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). 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 analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company's quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current 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 paid a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. Kinder Morgan's payout ratio is currently 100.88%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KMI shares. Barclays upped their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a "buy" rating and a $27.00 price objective on the stock. Truist Financial increased their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

Kinder Morgan Company 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.