Armor Investment Advisors LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 131.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 62,149 shares of the pipeline company's stock after buying an additional 35,271 shares during the period. Armor Investment Advisors LLC's holdings in Kinder Morgan were worth $1,373,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of KMI. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the 3rd quarter valued at about $28,000. Pathway Financial Advisers LLC bought a new stake in Kinder Morgan in the 1st quarter valued at about $30,000. HWG Holdings LP bought a new stake in Kinder Morgan in the 2nd quarter valued at about $30,000. Strategic Financial Concepts LLC bought a new stake in Kinder Morgan in the 2nd quarter valued at about $31,000. Finally, HM Payson & Co. boosted its holdings in Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,145 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.
Kinder Morgan Trading Up 6.6 %
Shares of Kinder Morgan stock traded up $1.63 during trading on Wednesday, hitting $26.34. The company's stock had a trading volume of 27,280,391 shares, compared to its average volume of 13,879,635. 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, Inc. has a 52 week low of $16.17 and a 52 week high of $26.58. The stock has a market cap of $58.52 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.91. The stock has a 50-day moving average price of $22.97 and a two-hundred day moving average price of $21.04.
Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business's revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.25 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.
Kinder Morgan Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.37%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.88%.
Analyst Ratings Changes
A number of analysts have issued reports on KMI shares. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Tuesday, October 22nd. UBS Group upped their price target on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a report on Friday, October 18th. Barclays upped their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, Truist Financial upped their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus price target of $25.09.
Read Our Latest Stock Report on KMI
Insider Buying and Selling at Kinder Morgan
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 transaction of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares of the company's stock, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated 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 transaction, the director now owns 6,809,858 shares of the company's stock, valued at $168,543,985.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Dax Sanders sold 1,729 shares of the company's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.64% of the company's stock.
Kinder Morgan Profile
(
Free Report)
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.
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