Public Employees Retirement System of Ohio Grows Stake in Kinder Morgan, Inc. (NYSE:KMI)

Public Employees Retirement System of Ohio lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 17.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 867,061 shares of the pipeline company's stock after buying an additional 127,743 shares during the period. Public Employees Retirement System of Ohio's holdings in Kinder Morgan were worth $19,153,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan in the 3rd quarter worth about $28,000. Planning Capital Management Corp lifted its stake in 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. HM Payson & Co. lifted its stake in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after purchasing an additional 1,145 shares during the last quarter. Activest Wealth Management grew its stake in shares of Kinder Morgan by 63.0% during the third quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company's stock valued at $33,000 after buying an additional 571 shares during the last quarter. Finally, HWG Holdings LP purchased a new stake in shares of Kinder Morgan in the second quarter worth approximately $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Amy W. Chronis acquired 2,241 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director C Park Shaper sold 690,142 shares of the company's stock in a transaction 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 directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 727,263 shares of company stock worth $18,075,634 in the last ninety days. 12.81% of the stock is owned by insiders.

Kinder Morgan Stock Up 0.3 %

KMI stock traded up $0.07 during trading on Wednesday, reaching $26.96. 15,058,020 shares of the company traded hands, compared to its average volume of 13,815,979. The business has a 50 day simple moving average of $25.95 and a 200 day simple moving average of $22.54. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.81. 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 company has a market capitalization of $59.90 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 4.00 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the previous year, the firm earned $0.25 EPS. The firm's quarterly revenue was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given 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 dividend yield of 4.27%. Kinder Morgan's payout ratio is 100.88%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KMI. Wells Fargo & Company upped their price objective on Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Truist Financial raised their price target 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. The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Finally, UBS Group boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.75.

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.