Segall Bryant & Hamill LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Segall Bryant & Hamill LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMIFree Report) during the 3rd quarter, Holdings Channel reports. The fund acquired 85,695 shares of the pipeline company’s stock, valued at approximately $1,893,000.

A number of other large investors have also recently added to or reduced their stakes in KMI. Avior Wealth Management LLC lifted its holdings in shares of Kinder Morgan by 3.2% in the third quarter. Avior Wealth Management LLC now owns 115,634 shares of the pipeline company’s stock valued at $2,554,000 after purchasing an additional 3,553 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Kinder Morgan by 11.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 408,755 shares of the pipeline company’s stock valued at $9,029,000 after buying an additional 42,492 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Kinder Morgan in the 3rd quarter valued at approximately $1,061,000. Banque Cantonale Vaudoise grew its holdings in Kinder Morgan by 13.7% during the 3rd quarter. Banque Cantonale Vaudoise now owns 207,208 shares of the pipeline company’s stock valued at $4,577,000 after buying an additional 24,931 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in Kinder Morgan by 48.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 50,045 shares of the pipeline company’s stock worth $1,106,000 after buying an additional 16,265 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on KMI. Truist Financial increased their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Barclays increased their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.36.

Read Our Latest Report on KMI

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The purchase 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 stock in a transaction dated 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 completion of the sale, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.2 %

KMI stock opened at $28.49 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company has a market cap of $63.29 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.11 and a beta of 0.91. The business has a fifty day simple moving average of $24.56 and a 200-day simple moving average of $21.82. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.81.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.04%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

About Kinder Morgan

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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