KCM Investment Advisors LLC Has $344,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

KCM Investment Advisors LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 14.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,568 shares of the pipeline company’s stock after buying an additional 2,020 shares during the period. KCM Investment Advisors LLC’s holdings in Kinder Morgan were worth $344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan during the 3rd quarter worth about $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth approximately $30,000. HWG Holdings LP purchased a new position in Kinder Morgan during the second quarter valued at approximately $30,000. Planning Capital Management Corp lifted its position 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 worth $30,000 after buying an additional 797 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research reports. Truist Financial upped their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Bank of America began coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.36.

Kinder Morgan Price Performance

NYSE KMI opened at $27.27 on Friday. The stock has a 50-day simple moving average of $23.84 and a 200 day simple moving average of $21.48. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $27.58. The stock 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. 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 (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. Research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.22%. Kinder Morgan’s payout ratio is 100.88%.

Kinder Morgan Company 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.