National Pension Service grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 15.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,938,864 shares of the pipeline company's stock after purchasing an additional 400,397 shares during the period. National Pension Service owned about 0.13% of Kinder Morgan worth $64,920,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company's stock worth $3,665,963,000 after acquiring an additional 27,254,172 shares during the last quarter. Castle Hook Partners LP raised its stake in Kinder Morgan by 108.2% in the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company's stock valued at $143,049,000 after purchasing an additional 4,053,793 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Kinder Morgan by 45.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company's stock worth $182,665,000 after acquiring an additional 3,135,457 shares during the last quarter. Duquesne Family Office LLC boosted its holdings in shares of Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock worth $134,185,000 after purchasing an additional 2,872,665 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in Kinder Morgan by 23.6% during the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company's stock valued at $204,319,000 after acquiring an additional 2,125,648 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.
Kinder Morgan Trading Up 6.6 %
Shares of Kinder Morgan stock traded up $1.63 on Wednesday, hitting $26.34. 27,280,391 shares of the company traded hands, compared to its average volume of 14,217,664. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market cap of $58.52 billion, a PE ratio of 23.11, a PEG ratio of 3.05 and a beta of 0.91. The stock's 50 day moving average price is $23.07 and its 200-day moving average price is $21.08. Kinder Morgan, Inc. has a 52 week low of $16.17 and a 52 week high of $26.58.
Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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). The business 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 revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.
Kinder Morgan Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.37%. Kinder Morgan's payout ratio is 100.88%.
Analyst Ratings Changes
Several brokerages recently commented on KMI. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday, August 27th. JPMorgan Chase & Co. lifted 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. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 22nd. Truist Financial increased their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Finally, Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target on the stock. Eight investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.09.
Read Our Latest Report on KMI
Insider Buying and Selling
In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company's stock, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Dax Sanders sold 1,729 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now directly owns 23,995 shares of the company's stock, valued at $597,235.55. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.81% of the stock is owned by company insiders.
Kinder Morgan Company 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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