144,714 Shares in Kinder Morgan, Inc. (NYSE:KMI) Purchased by Fiduciary Alliance LLC

by · The Cerbat Gem

Fiduciary Alliance LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 144,714 shares of the pipeline company’s stock, valued at approximately $3,197,000.

Several other institutional investors have also added to or reduced their stakes in KMI. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan during the first quarter valued at approximately $30,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan during the second quarter valued at $30,000. OFI Invest Asset Management purchased a new stake in shares of Kinder Morgan during the first quarter valued at $31,000. Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan during the first quarter valued at $31,000. Finally, Strategic Financial Concepts LLC acquired a new position in Kinder Morgan during the second quarter valued at $31,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock worth $3,121,891 in the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, July 19th. Truist Financial upped their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, Scotiabank upped their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.18.

View Our Latest Stock Report on Kinder Morgan

Kinder Morgan Stock Performance

KMI traded up $0.18 during trading on Monday, reaching $24.88. 4,808,326 shares of the company’s stock were exchanged, compared to its average volume of 13,725,641. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $25.02. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average price of $21.70 and a 200 day moving average price of $20.27. The company has a market capitalization of $55.22 billion, a P/E ratio of 22.45, a PEG ratio of 3.27 and a beta of 0.93.

Kinder Morgan (NYSE:KMI – Get Free Report) last issued its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared 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. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 4.62%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

About Kinder Morgan

(Free Report)

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.

Further Reading

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