Tyler Stone Wealth Management boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 106.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 100,643 shares of the pipeline company's stock after acquiring an additional 51,843 shares during the quarter. Tyler Stone Wealth Management's holdings in Kinder Morgan were worth $2,223,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its stake in shares of Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock valued at $504,000 after acquiring an additional 776 shares during the period. Czech National Bank lifted its position in Kinder Morgan by 6.9% during the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company's stock valued at $8,689,000 after purchasing an additional 25,406 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Kinder Morgan by 1,512.7% in the 3rd quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company's stock valued at $1,956,000 after purchasing an additional 83,090 shares during the last quarter. LSV Asset Management bought a new stake in shares of Kinder Morgan during the first quarter worth approximately $8,818,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Kinder Morgan by 6.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 2,545,943 shares of the pipeline company's stock valued at $46,726,000 after buying an additional 144,687 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.
In related news, Director Amy W. Chronis acquired 2,241 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company's stock, valued at approximately $597,235.55. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their position. The purchase 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 business's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 710,992 shares of company stock worth $17,619,823. Insiders own 12.64% of the company's stock.
Several brokerages have commented on KMI. UBS Group upped their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a report on Friday, October 18th. Wells Fargo & Company raised their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Truist Financial upped their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.09.
Check Out Our Latest Report on Kinder Morgan
NYSE KMI traded up $0.47 on Friday, reaching $26.88. The company had a trading volume of 17,402,049 shares, compared to its average volume of 15,660,194. The company's fifty day moving average is $23.28 and its 200-day moving average is $21.17. Kinder Morgan, Inc. has a 1-year low of $16.17 and a 1-year high of $27.00. The firm has a market capitalization of $59.72 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 3.63 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 - Get Free Report) last announced its 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 during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 100.88%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Kinder Morgan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinder Morgan wasn't on the list.
While Kinder Morgan currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.