MAI Capital Management reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 15.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,541 shares of the pipeline company's stock after selling 20,270 shares during the period. MAI Capital Management's holdings in Kinder Morgan were worth $2,486,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in shares of Kinder Morgan during the 3rd quarter worth about $28,000. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan during the 1st quarter worth about $30,000. HWG Holdings LP bought a new position in shares of Kinder Morgan during the 2nd quarter worth about $30,000. Planning Capital Management Corp boosted its position in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after purchasing an additional 797 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Kinder Morgan during the 2nd quarter worth about $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Amy W. Chronis purchased 2,241 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares of the company's stock, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by company insiders.
A number of research firms have recently issued reports on KMI. Truist Financial increased their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday, October 18th. Barclays raised their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. Finally, UBS Group raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.36.
Check Out Our Latest Stock Analysis on KMI
Kinder Morgan stock opened at $28.07 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.15. The company's 50 day moving average price is $24.12 and its two-hundred day moving average price is $21.64. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock has a market cap of $62.36 billion, a P/E ratio of 24.62, a P/E/G ratio of 3.75 and a beta of 0.91.
Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (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 company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the business earned $0.25 EPS. The company's revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.10%. Kinder Morgan's payout ratio is currently 100.88%.
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.
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