Virginia Wealth Management Group Inc. Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Virginia Wealth Management Group Inc. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 25.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 208,270 shares of the pipeline company’s stock after buying an additional 41,663 shares during the quarter. Kinder Morgan makes up approximately 2.9% of Virginia Wealth Management Group Inc.’s investment portfolio, making the stock its 11th biggest holding. Virginia Wealth Management Group Inc.’s holdings in Kinder Morgan were worth $4,601,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMI. Gallagher Fiduciary Advisors LLC raised its holdings in Kinder Morgan by 2.3% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 30,384 shares of the pipeline company’s stock valued at $536,000 after buying an additional 669 shares during the period. Fort Sheridan Advisors LLC increased its stake in Kinder Morgan by 6.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 71,918 shares of the pipeline company’s stock worth $1,269,000 after purchasing an additional 4,278 shares during the period. Prospect Financial Services LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $570,000. Birmingham Capital Management Co. Inc. AL increased its stake in Kinder Morgan by 8.2% in the fourth quarter. Birmingham Capital Management Co. Inc. AL now owns 60,043 shares of the pipeline company’s stock worth $1,059,000 after purchasing an additional 4,550 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in Kinder Morgan by 36.7% in the fourth quarter. V Square Quantitative Management LLC now owns 33,313 shares of the pipeline company’s stock worth $588,000 after purchasing an additional 8,952 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock valued at $3,121,891 over the last quarter. 12.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on KMI shares. Truist Financial increased their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Barclays increased their price target on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Bank of America raised Kinder Morgan from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $27.00 in a research report on Friday. Finally, Scotiabank increased their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.18.

Kinder Morgan Stock Up 2.8 %

KMI stock traded up $0.67 during trading on Friday, reaching $24.39. 2,340,689 shares of the company traded hands, compared to its average volume of 13,673,702. Kinder Morgan, Inc. has a 12 month low of $15.91 and a 12 month high of $24.39. The business has a 50 day simple moving average of $21.62 and a 200 day simple moving average of $20.19. The company has a market capitalization of $54.13 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the business earned $0.24 EPS. Kinder Morgan’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is currently 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.