Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Versant Capital Management Inc

Versant Capital Management Inc lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 161.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,511 shares of the pipeline company’s stock after purchasing an additional 4,019 shares during the period. Versant Capital Management Inc’s holdings in Kinder Morgan were worth $178,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Penney Financial LLC acquired a new position in Kinder Morgan during the third quarter worth about $207,000. Principal Financial Group Inc. increased its stake in Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after purchasing an additional 71,984 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Kinder Morgan by 295.2% during the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock worth $37,185,000 after purchasing an additional 1,257,428 shares during the last quarter. Old North State Trust LLC grew its holdings in Kinder Morgan by 6.2% in the third quarter. Old North State Trust LLC now owns 22,143 shares of the pipeline company’s stock valued at $489,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Kinder Morgan by 44.0% in the third quarter. Franklin Resources Inc. now owns 1,142,956 shares of the pipeline company’s stock valued at $25,248,000 after buying an additional 349,158 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock valued at $18,578,014 in the last quarter. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.27 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. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.81. The business has a 50 day moving average price of $26.89 and a two-hundred day moving average price of $23.39. The firm has a market cap of $62.81 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.07%. Kinder Morgan’s payout ratio is currently 100.88%.

Analysts Set New Price Targets

A number of brokerages recently commented on KMI. UBS Group increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Bank of America assumed coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Truist Financial raised 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. Finally, Wells Fargo & Company raised their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.25.

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.