MML Investors Services LLC Acquires 22,361 Shares of Kinder Morgan, Inc. (NYSE:KMI)

MML Investors Services LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 430,690 shares of the pipeline company's stock after acquiring an additional 22,361 shares during the period. MML Investors Services LLC's holdings in Kinder Morgan were worth $9,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan during the third quarter valued at about $28,000. HWG Holdings LP purchased a new position in shares of Kinder Morgan during the 2nd quarter valued at about $30,000. Planning Capital Management Corp lifted its position in Kinder Morgan by 143.6% in 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 last quarter. Strategic Financial Concepts LLC purchased a new stake in Kinder Morgan in the second quarter worth approximately $31,000. Finally, HM Payson & Co. grew its position in Kinder Morgan by 401.8% during 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 during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Stifel Nicolaus boosted their price objective 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 raised their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, The Goldman Sachs Group raised their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.75.

Insiders Place Their Bets

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

Kinder Morgan Stock Up 0.3 %

Shares of KMI stock traded up $0.07 during midday trading on Wednesday, reaching $26.96. 15,058,020 shares of the stock were exchanged, compared to its average volume of 13,815,979. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.81. The firm has a market cap of $59.90 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.00 and a beta of 0.94. The company's 50 day moving average is $25.95 and its two-hundred day moving average is $22.54. 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 (NYSE:KMI - Get Free Report) last issued its quarterly 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 firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the previous year, the company earned $0.25 earnings per share. Kinder Morgan's revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.27%. The ex-dividend date was Thursday, October 31st. Kinder Morgan's payout ratio is currently 100.88%.

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.