Kinder Morgan, Inc. (NYSE:KMI) is Kayne Anderson Capital Advisors LP's 9th Largest Position

Kayne Anderson Capital Advisors LP increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,550,002 shares of the pipeline company's stock after buying an additional 69,307 shares during the period. Kinder Morgan comprises approximately 5.9% of Kayne Anderson Capital Advisors LP's investment portfolio, making the stock its 9th largest holding. Kayne Anderson Capital Advisors LP owned approximately 0.47% of Kinder Morgan worth $233,050,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SignalPoint Asset Management LLC boosted its stake in shares of Kinder Morgan by 1.5% in the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company's stock worth $655,000 after acquiring an additional 447 shares during the last quarter. Trust Co. of Oklahoma boosted its stake in Kinder Morgan by 1.5% during the 3rd quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company's stock worth $742,000 after purchasing an additional 486 shares during the last quarter. Pinnacle West Asset Management Inc. raised its position in shares of Kinder Morgan by 0.5% in the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company's stock valued at $2,124,000 after buying an additional 500 shares during the last quarter. Carson Advisory Inc. lifted its stake in shares of Kinder Morgan by 3.4% in the third quarter. Carson Advisory Inc. now owns 15,901 shares of the pipeline company's stock worth $351,000 after buying an additional 522 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Kinder Morgan by 0.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company's stock worth $3,295,000 after acquiring an additional 530 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on KMI. The Goldman Sachs Group reissued a "conviction-buy" rating on shares of Kinder Morgan in a research note on Friday, October 18th. Wells Fargo & Company boosted their price objective on Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. 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. Morgan Stanley set a $26.00 price objective 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 company an "equal weight" rating in a report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.36.

Kinder Morgan Trading Up 1.9 %

Shares of NYSE KMI traded up $0.52 during trading on Monday, reaching $27.79. The stock had a trading volume of 15,941,045 shares, compared to its average volume of 13,881,646. The business's 50-day moving average price is $23.98 and its 200-day moving average price is $21.57. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $27.84. 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 has a market cap of $61.73 billion, a P/E ratio of 24.37, a PEG ratio of 3.75 and a beta of 0.91.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan's quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan's dividend payout ratio is presently 100.88%.

Insider Buying and Selling

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company's stock in a transaction on 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 completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $502,499.88. Following the sale, the president now owns 897,652 shares of the company's stock, 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. 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.