Capital Investment Advisors LLC Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Capital Investment Advisors LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 483,913 shares of the pipeline company’s stock after acquiring an additional 65,793 shares during the quarter. Capital Investment Advisors LLC’s holdings in Kinder Morgan were worth $13,259,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Sunbelt Securities Inc. increased its holdings in Kinder Morgan by 0.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock valued at $2,000,000 after purchasing an additional 414 shares during the last quarter. SignalPoint Asset Management LLC lifted its stake in Kinder Morgan by 1.5% during the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after acquiring an additional 447 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in Kinder Morgan by 0.3% during the 3rd quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock valued at $3,193,000 after acquiring an additional 468 shares during the period. Trust Co. of Oklahoma grew its position in Kinder Morgan by 1.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock valued at $742,000 after acquiring an additional 486 shares in the last quarter. Finally, Pinnacle West Asset Management Inc. increased its stake in Kinder Morgan by 0.5% during the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock worth $2,124,000 after purchasing an additional 500 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. Truist Financial increased their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Scotiabank initiated coverage on Kinder Morgan in a report on Friday. They set a “sector perform” rating and a $26.00 price target on the stock. Barclays lifted their price objective on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.67.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.45 on Monday, hitting $28.61. 2,860,893 shares of the company’s stock were exchanged, compared to its average volume of 10,468,286. The firm has a market cap of $63.56 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 3.87 and a beta of 0.94. The firm’s 50-day moving average price is $27.31 and its two-hundred day moving average price is $23.79. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last announced 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). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.02%. Kinder Morgan’s payout ratio is 100.88%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 745,263 shares of company stock valued at $18,578,014 over the last quarter. Corporate insiders own 12.64% of the company’s stock.

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.