Commerzbank Aktiengesellschaft FI Buys New Position in Kinder Morgan, Inc. (NYSE:KMI)

Commerzbank Aktiengesellschaft FI bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, Holdings Channel.com reports. The fund bought 10,840 shares of the pipeline company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC raised its stake in Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after purchasing an additional 776 shares in the last quarter. Czech National Bank grew its position in Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after acquiring an additional 25,406 shares during the last quarter. LSV Asset Management bought a new position in shares of Kinder Morgan in the first quarter worth approximately $8,818,000. Duality Advisers LP grew its holdings in shares of Kinder Morgan by 42.7% in the first quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock worth $5,822,000 after purchasing an additional 94,984 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Kinder Morgan by 221.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock worth $4,615,000 after purchasing an additional 173,313 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on KMI. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 19th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Wells Fargo & Company lifted their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, Truist Financial lifted their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.91.

Kinder Morgan Trading Up 0.9 %

Kinder Morgan stock opened at $24.99 on Friday. The business has a 50-day simple moving average of $22.35 and a two-hundred day simple moving average of $20.61. The company has a market cap of $55.46 billion, a P/E ratio of 22.72, a P/E/G ratio of 3.27 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 52-week low of $15.91 and a 52-week high of $25.43.

Kinder Morgan (NYSE:KMI) last announced 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). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. Analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.60%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, 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 SEC, which can be accessed through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 817,040 shares of company stock valued at $19,747,879 in the last ninety days. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Company 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.