Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 62.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 746,606 shares of the pipeline company's stock after acquiring an additional 286,358 shares during the quarter. Sanctuary Advisors LLC's holdings in Kinder Morgan were worth $16,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $28,000. Planning Capital Management Corp raised its position 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 last quarter. HM Payson & Co. lifted its stake in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after acquiring an additional 1,145 shares during the period. Activest Wealth Management boosted its holdings in shares of Kinder Morgan by 63.0% in the third quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company's stock valued at $33,000 after acquiring an additional 571 shares in the last quarter. Finally, HWG Holdings LP acquired a new position in shares of Kinder Morgan during the second quarter worth about $30,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on KMI. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Truist Financial increased their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. UBS Group boosted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target for the company. Eight investment 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.75.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business's stock in a transaction on Monday, October 21st. The stock was 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 directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company's stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 727,263 shares of company stock valued at $18,075,634. 12.64% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.02 on Friday, hitting $26.88. The company's stock had a trading volume of 3,281,281 shares, compared to its average volume of 13,760,990. The stock has a 50 day moving average of $26.10 and a 200-day moving average of $22.60. The company has a market capitalization of $59.72 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $28.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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 company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. As a group, research 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. This represents a $1.15 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Thursday, October 31st. Kinder Morgan's dividend payout ratio is presently 100.88%.

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.