MAI Capital Management Decreases Position in Kinder Morgan, Inc. (NYSE:KMI)

MAI Capital Management cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,541 shares of the pipeline company's stock after selling 20,270 shares during the quarter. MAI Capital Management's holdings in Kinder Morgan were worth $2,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the third quarter valued at about $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan in the first quarter worth about $30,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan in the second quarter worth about $30,000. Planning Capital Management Corp increased its holdings in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after purchasing an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan in the second quarter worth about $31,000. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares of the company's stock, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.81% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of KMI stock traded down $0.08 during mid-day trading on Wednesday, hitting $28.00. 11,948,267 shares of the stock were exchanged, compared to its average volume of 13,884,352. The firm has a fifty day moving average of $24.12 and a 200 day moving average of $21.64. 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 52-week low of $16.47 and a 52-week high of $28.27. The company has a market cap of $62.21 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share 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%. The company's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. Research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.11%. Kinder Morgan's payout ratio is 100.88%.

Analyst Ratings Changes

KMI has been the topic of several research reports. The Goldman Sachs Group reaffirmed a "conviction-buy" rating on shares of Kinder Morgan in a report on Friday, October 18th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research report on Friday, October 18th. UBS Group boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a "buy" rating in a report on Friday, November 15th. Barclays upped their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Finally, Truist Financial upped their target price on 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, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.36.

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.