Kinder Morgan, Inc. (NYSE:KMI) Position Lowered by M&T Bank Corp

M&T Bank Corp decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 25.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 184,395 shares of the pipeline company's stock after selling 63,071 shares during the period. M&T Bank Corp's holdings in Kinder Morgan were worth $4,073,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KMI. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan in the 3rd quarter valued at about $28,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan in the second quarter valued at approximately $30,000. Planning Capital Management Corp lifted 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 acquired a new stake in Kinder Morgan during the second quarter worth approximately $31,000. Finally, HM Payson & Co. grew its stake in 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. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 727,263 shares of company stock valued at $18,075,634. Corporate insiders own 12.64% of the company's stock.

Kinder Morgan Stock Down 0.0 %

Shares of NYSE:KMI traded down $0.01 during midday trading on Friday, hitting $26.89. 8,283,900 shares of the company's stock traded hands, compared to its average volume of 13,782,707. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.81. The company has a market cap of $59.74 billion, a PE ratio of 23.60, a P/E/G ratio of 3.88 and a beta of 0.95. 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 firm's fifty day moving average price is $26.10 and its two-hundred day moving average price is $22.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its 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). The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid 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 dividend yield of 4.28%. Kinder Morgan's dividend payout ratio is currently 100.88%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Truist Financial raised their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Royal Bank of Canada upped 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 note on Tuesday, October 22nd. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target for the company. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.75.

Kinder Morgan 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.