Sequoia Financial Advisors LLC Has $3.79 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Sequoia Financial Advisors LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 305.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,743 shares of the pipeline company’s stock after buying an additional 129,418 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kinder Morgan were worth $3,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMI. Sweeney & Michel LLC bought a new stake in Kinder Morgan during the 3rd quarter worth $2,223,000. Foundations Investment Advisors LLC grew its holdings in shares of Kinder Morgan by 52.3% during the third quarter. Foundations Investment Advisors LLC now owns 42,475 shares of the pipeline company’s stock worth $938,000 after purchasing an additional 14,585 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at approximately $28,000. Penn Davis Mcfarland Inc. raised its holdings in Kinder Morgan by 6.9% in the 3rd quarter. Penn Davis Mcfarland Inc. now owns 1,800,674 shares of the pipeline company’s stock valued at $39,777,000 after buying an additional 116,962 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Kinder Morgan by 2.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 100,386 shares of the pipeline company’s stock worth $2,218,000 after buying an additional 2,456 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade 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 hyperlink. In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction 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 sale, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 817,040 shares of company stock worth $19,747,879 over the last three months. 12.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KMI shares. Scotiabank raised 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 note on Wednesday, July 17th. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday. Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Finally, Barclays increased their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $24.91.

Kinder Morgan Trading Down 0.2 %

NYSE:KMI opened at $24.76 on Thursday. The firm has a fifty day simple moving average of $22.35 and a two-hundred day simple moving average of $20.61. Kinder Morgan, Inc. has a 12 month low of $15.91 and a 12 month high of $25.43. The stock has a market capitalization of $54.95 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 3.27 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during 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 business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. Analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 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.