nVerses Capital LLC Invests $75,000 in Kinder Morgan, Inc. (NYSE:KMI)

nVerses Capital LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 3,400 shares of the pipeline company’s stock, valued at approximately $75,000.

Several other hedge funds have also recently bought and sold shares of the company. FLC Capital Advisors grew its position in Kinder Morgan by 6.6% in the 3rd quarter. FLC Capital Advisors now owns 20,999 shares of the pipeline company’s stock valued at $464,000 after acquiring an additional 1,291 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in Kinder Morgan by 9.4% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 20,711 shares of the pipeline company’s stock worth $457,000 after buying an additional 1,778 shares during the period. Tsfg LLC lifted its holdings in Kinder Morgan by 72.1% during the 3rd quarter. Tsfg LLC now owns 2,430 shares of the pipeline company’s stock worth $54,000 after buying an additional 1,018 shares in the last quarter. CFM Wealth Partners LLC boosted its position in Kinder Morgan by 19.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 27,519 shares of the pipeline company’s stock valued at $608,000 after buying an additional 4,392 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in Kinder Morgan in the 3rd quarter valued at approximately $232,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In related 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 transaction of $36,309.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares in the company, valued at $19,261,400.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction 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 transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,311 shares of company stock valued at $3,121,891 in the last ninety days. 12.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday. Scotiabank raised their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Finally, Truist Financial boosted their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.27.

Kinder Morgan Price Performance

Shares of KMI opened at $24.75 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 1-year low of $15.91 and a 1-year high of $25.43. The stock has a market cap of $54.92 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The firm has a fifty day moving average price of $22.19 and a 200 day moving average price of $20.54.

Kinder Morgan (NYSE:KMI) last posted its 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 firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.65%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

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.