Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,817 shares of the pipeline company’s stock after purchasing an additional 1,300 shares during the period. Kinder Morgan accounts for about 0.9% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 27th largest position. Silverberg Bernstein Capital Management LLC’s holdings in Kinder Morgan were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC lifted its stake in Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 1,389 shares during the period. Pathway Financial Advisers LLC purchased a new position in shares of Kinder Morgan during the 1st quarter valued at approximately $30,000. HWG Holdings LP purchased a new position in shares of Kinder Morgan during the 2nd quarter valued at approximately $30,000. OFI Invest Asset Management purchased a new position in shares of Kinder Morgan during the 1st quarter valued at approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the 1st quarter valued at approximately $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. This trade represents 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 the SEC website. In related news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan 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 completion of the sale, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Trading Up 1.2 %

Shares of KMI stock traded up $0.27 on Friday, hitting $23.62. 11,027,682 shares of the stock traded hands, compared to its average volume of 13,758,146. The firm’s 50-day moving average price is $21.44 and its two-hundred day moving average price is $20.04. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The stock has a market capitalization of $52.42 billion, a PE ratio of 21.47, a PEG ratio of 3.09 and a beta of 0.93. Kinder Morgan, Inc. has a twelve month low of $15.90 and a twelve month high of $23.65.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.87%. Kinder Morgan’s payout ratio is 104.55%.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent research reports. Morgan Stanley raised shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price for the company in a report on Monday, September 16th. Truist Financial boosted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 19th. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.55.

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.