Mirador Capital Partners LP Acquires 7,894 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Mirador Capital Partners LP raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 306,117 shares of the pipeline company’s stock after acquiring an additional 7,894 shares during the quarter. Kinder Morgan comprises 1.2% of Mirador Capital Partners LP’s holdings, making the stock its 17th largest position. Mirador Capital Partners LP’s holdings in Kinder Morgan were worth $6,762,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC raised its position in shares of Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan during the 1st quarter valued at $30,000. HWG Holdings LP bought a new position in shares of Kinder Morgan in the second quarter worth $30,000. OFI Invest Asset Management bought a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the 1st quarter valued at $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, VP Sital K. Mody sold 21,413 shares of the company’s 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 transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction 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 of the company’s stock, 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 SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the transaction, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Trading Up 1.2 %

Shares of NYSE KMI traded up $0.27 during midday trading on Friday, reaching $23.62. The stock had a trading volume of 11,027,682 shares, compared to its average volume of 13,758,146. The company’s 50 day moving average price is $21.44 and its 200 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. Kinder Morgan, Inc. has a twelve month low of $15.90 and a twelve month high of $23.65. The firm has a market cap of $52.42 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.87%. Kinder Morgan’s payout ratio is currently 104.55%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Scotiabank raised their price objective on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Barclays lifted their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Truist Financial increased their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped 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. Finally, Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 19th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.