Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 990,445 shares of the pipeline company's stock after buying an additional 75,194 shares during the period. Los Angeles Capital Management LLC's holdings in Kinder Morgan were worth $21,879,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Tyler Stone Wealth Management raised its stake in shares of Kinder Morgan by 106.2% in the third quarter. Tyler Stone Wealth Management now owns 100,643 shares of the pipeline company's stock valued at $2,223,000 after acquiring an additional 51,843 shares during the period. Mesirow Financial Investment Management Inc. increased its stake in Kinder Morgan by 2.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 332,527 shares of the pipeline company's stock worth $7,346,000 after purchasing an additional 6,685 shares during the period. Oxbow Advisors LLC lifted its position in shares of Kinder Morgan by 0.7% during the third quarter. Oxbow Advisors LLC now owns 458,876 shares of the pipeline company's stock worth $10,137,000 after purchasing an additional 3,017 shares during the last quarter. Objective Capital Management LLC purchased a new stake in Kinder Morgan in the 3rd quarter valued at about $207,000. Finally, Assetmark Inc. grew its stake in Kinder Morgan by 50.6% in the third quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company's stock valued at $95,000 after purchasing an additional 1,450 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KMI shares. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a research note on Tuesday, August 27th. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Scotiabank boosted their price objective on Kinder Morgan from $19.00 to $21.00 and gave the company a "sector perform" rating in a report on Wednesday, July 17th. Truist Financial boosted their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a report on Thursday, October 17th. Finally, 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. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $25.09.

Insider Buying and Selling

In related news, VP Dax Sanders sold 1,729 shares of the business's stock in a transaction that occurred on 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Dax Sanders sold 1,729 shares of the business's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares of the company's stock, valued at $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 710,992 shares of company stock worth $17,619,823. Corporate insiders own 12.64% of the company's stock.

Kinder Morgan Price Performance

Shares of NYSE KMI traded up $0.39 during midday trading on Monday, hitting $27.27. The stock had a trading volume of 14,815,457 shares, compared to its average volume of 13,903,025. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1 year low of $16.34 and a 1 year high of $27.33. The company has a market capitalization of $60.58 billion, a PE ratio of 23.58, a P/E/G ratio of 3.70 and a beta of 0.91. The stock has a 50 day simple moving average of $23.28 and a 200-day simple moving average of $21.20.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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 business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The business's quarterly revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 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. Stockholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan's payout ratio is presently 100.88%.

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.