Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Northcape Wealth Management LLC

Northcape Wealth Management LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 347,121 shares of the pipeline company’s stock after purchasing an additional 2,445 shares during the quarter. Kinder Morgan makes up approximately 2.5% of Northcape Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Northcape Wealth Management LLC’s holdings in Kinder Morgan were worth $7,668,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter valued at about $28,000. Pathway Financial Advisers LLC acquired a new position in shares of Kinder Morgan in the 1st quarter worth approximately $30,000. HWG Holdings LP purchased a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $30,000. Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Kinder Morgan in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KMI. Truist Financial lifted their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. UBS Group upped their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday. Barclays increased their price objective 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. Finally, Stifel Nicolaus boosted their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.36.

Kinder Morgan Stock Up 1.9 %

Shares of NYSE:KMI opened at $27.27 on Friday. The firm has a 50 day simple moving average of $23.84 and a 200-day simple moving average of $21.46. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $27.58. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $60.58 billion, a PE ratio of 23.92, a P/E/G ratio of 3.69 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced 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 4.22%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Insider Buying and Selling

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

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.