Kingsview Wealth Management LLC Acquires 521 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Kingsview Wealth Management LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,291 shares of the pipeline company’s stock after purchasing an additional 521 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Kinder Morgan were worth $1,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after buying an additional 29,861 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after acquiring an additional 776 shares during the period. Principal Financial Group Inc. grew its position in shares of Kinder Morgan by 3.2% in the third 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 during the last quarter. Czech National Bank increased its stake in shares of Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after purchasing an additional 25,406 shares during the period. Finally, Valley National Advisers Inc. lifted its holdings in Kinder Morgan by 1,512.7% during the 3rd quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock worth $1,956,000 after purchasing an additional 83,090 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Up 0.8 %

Shares of KMI opened at $28.09 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.81. The firm has a market cap of $62.39 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 4.10 and a beta of 0.91. The business’s fifty day moving average is $24.82 and its 200-day moving average is $21.97.

Kinder Morgan (NYSE:KMI) last issued its 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business 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 firm posted $0.25 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.09%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing 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 value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KMI. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a report on Friday, October 18th. Truist Financial upped their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. The Goldman Sachs Group increased their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Finally, Barclays boosted their price target on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

Kinder Morgan 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.