Strategic Wealth Partners Ltd. Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Strategic Wealth Partners Ltd. lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.5% during the third quarter, HoldingsChannel.com reports. The fund owned 266,963 shares of the pipeline company’s stock after buying an additional 3,889 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Kinder Morgan were worth $5,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Czech National Bank grew its position in shares of Kinder Morgan by 6.9% during the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after buying an additional 25,406 shares in the last quarter. LSV Asset Management purchased a new position in Kinder Morgan during the 1st quarter valued at about $8,818,000. Brevan Howard Capital Management LP bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $2,101,000. Duality Advisers LP lifted its position in shares of Kinder Morgan by 42.7% in the 1st 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 period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Kinder Morgan by 221.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock valued at $4,615,000 after purchasing an additional 173,313 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays increased their target price on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Friday, July 19th. Scotiabank increased their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, Truist Financial increased their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.80.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. 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 can be accessed through this link. In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan 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 completion of the transaction, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was 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 in the company, valued at approximately $534,841.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 over the last 90 days. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $23.32 on Wednesday. The firm has a market capitalization of $51.76 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The company’s fifty day moving average price is $21.52 and its 200-day moving average price is $20.14. Kinder Morgan, Inc. has a 1-year low of $15.91 and a 1-year high of $23.83.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the previous year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.93%. Kinder Morgan’s payout ratio is currently 104.55%.

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.