L. Roy Papp & Associates LLP Reduces Position in Kinder Morgan, Inc. (NYSE:KMI)

L. Roy Papp & Associates LLP reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,064 shares of the pipeline company’s stock after selling 2,263 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Kinder Morgan were worth $554,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Global Retirement Partners LLC boosted its stake in shares of Kinder Morgan by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 776 shares during the last quarter. Czech National Bank boosted its position in Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after acquiring an additional 25,406 shares during the last quarter. LSV Asset Management purchased a new stake in Kinder Morgan in the 1st quarter worth approximately $8,818,000. Duality Advisers LP raised its holdings in Kinder Morgan by 42.7% in the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after acquiring an additional 94,984 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Kinder Morgan by 221.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock worth $4,615,000 after purchasing an additional 173,313 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.2 %

KMI stock traded down $0.04 during trading on Friday, reaching $24.95. The stock had a trading volume of 16,549,827 shares, compared to its average volume of 14,480,738. The firm has a fifty day moving average price of $22.50 and a 200 day moving average price of $20.70. The company has a current ratio of 0.46, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $55.43 billion, a P/E ratio of 21.89, a PEG ratio of 3.06 and a beta of 0.93. Kinder Morgan, Inc. has a 1-year low of $15.91 and a 1-year high of $25.43.

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). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.61%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Insider Buying and Selling at Kinder Morgan

In other news, VP Sital K. Mody sold 25,169 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on 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 transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sital K. Mody sold 25,169 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total transaction of $529,555.76. The disclosure for this sale can be found here. Insiders have sold 817,040 shares of company stock worth $19,747,879 in the last ninety days. 12.64% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on KMI. UBS Group upped their target price on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays lifted their price target on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. Truist Financial boosted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company increased their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.91.

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.