Quantinno Capital Management LP Buys 40,210 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Quantinno Capital Management LP increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 19.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,384 shares of the pipeline company's stock after acquiring an additional 40,210 shares during the quarter. Quantinno Capital Management LP's holdings in Kinder Morgan were worth $5,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of KMI. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan in the third quarter worth about $28,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $30,000. Planning Capital Management Corp increased its stake in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock valued at $30,000 after buying an additional 797 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Kinder Morgan in the second quarter worth $31,000. Finally, HM Payson & Co. boosted its holdings in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 1,145 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 0.7 %

Shares of NYSE KMI traded down $0.20 during midday trading on Friday, hitting $27.77. The stock had a trading volume of 11,530,725 shares, compared to its average volume of 12,526,706. The business's 50 day moving average is $25.77 and its 200-day moving average is $22.41. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.81. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company has a market cap of $61.69 billion, a P/E ratio of 24.36, a PEG ratio of 3.94 and a beta of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results 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 net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the prior year, the business posted $0.25 earnings per share. The business's revenue for the quarter was down 5.3% on a year-over-year basis. As a group, analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors 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 dividend on an annualized basis and a yield of 4.14%. Kinder Morgan's dividend payout ratio (DPR) is 100.88%.

Wall Street Analysts Forecast Growth

KMI has been the subject of several research analyst reports. Truist Financial raised their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Barclays increased their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Bank of America began coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target on the stock. Finally, Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research report on Friday, October 18th. Eight research 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $25.75.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares in the company, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $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. Insiders have sold 727,263 shares of company stock valued at $18,075,634 in the last ninety days. 12.64% of the stock is currently owned by company insiders.

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.