Blair William & Co. IL Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Blair William & Co. IL boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.0% in the first quarter, Holdings Channel reports. The institutional investor owned 640,765 shares of the pipeline company’s stock after acquiring an additional 30,692 shares during the period. Blair William & Co. IL’s holdings in Kinder Morgan were worth $11,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC lifted its stake in shares of Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at about $26,000. Activest Wealth Management bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $30,000. OFI Invest Asset Management purchased a new position in shares of Kinder Morgan in the 1st quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan during the first quarter valued at approximately $31,000. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group upped their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday. Scotiabank raised their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Finally, Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. Six 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.63.

Insider Buying and Selling at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.44 on Friday, hitting $21.49. 26,891,116 shares of the company’s stock traded hands, compared to its average volume of 16,291,446. The firm’s 50-day moving average price is $19.77 and its two-hundred day moving average price is $18.49. The firm has a market capitalization of $47.69 billion, a PE ratio of 19.54, a P/E/G ratio of 3.25 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.38 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $21.79.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. As a group, analysts expect that Kinder Morgan, Inc. will post 1.21 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.35%. The ex-dividend date is Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is currently 104.55%.

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.