Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,347,082 shares of the pipeline company's stock after selling 114,025 shares during the quarter. Victory Capital Management Inc. owned approximately 0.11% of Kinder Morgan worth $51,847,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan during the 3rd quarter valued at $28,000. HM Payson & Co. grew its holdings in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after buying an additional 1,145 shares in the last quarter. HWG Holdings LP purchased a new stake in Kinder Morgan during the 2nd quarter valued at approximately $30,000. ZRC Wealth Management LLC bought a new position in shares of Kinder Morgan during the 3rd quarter valued at approximately $36,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan during the 1st quarter valued at approximately $30,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 1.0 %

Kinder Morgan stock traded up $0.27 during midday trading on Friday, reaching $27.03. 5,158,604 shares of the stock traded hands, compared to its average volume of 13,839,637. The company has a 50-day simple moving average of $23.72 and a two-hundred day simple moving average of $21.40. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $27.58. The firm has a market cap of $60.05 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 3.69 and a beta of 0.91. 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 announced its 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 analysts' expectations 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 quarter last year, the business earned $0.25 earnings per share. Research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan's payout ratio is presently 100.88%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KMI shares. Truist Financial lifted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Barclays boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 25th. Finally, Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $25.36.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the business's 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 transaction, the director now 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred 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 transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company's stock.

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.