Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Americana Partners LLC

by · The Cerbat Gem

Americana Partners LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 0.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 733,589 shares of the pipeline company’s stock after acquiring an additional 2,974 shares during the period. Kinder Morgan comprises approximately 1.1% of Americana Partners LLC’s investment portfolio, making the stock its 22nd biggest position. Americana Partners LLC’s holdings in Kinder Morgan were worth $16,205,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter valued at approximately $28,000. HM Payson & Co. increased its holdings in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares during the period. HWG Holdings LP acquired a new stake in Kinder Morgan in the second quarter valued at approximately $30,000. ZRC Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at $36,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Kinder Morgan during the 1st quarter worth about $30,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on KMI. Truist Financial upped their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Finally, Barclays boosted 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. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.91.

Get Our Latest Analysis on Kinder Morgan

Insiders Place Their Bets

In other news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following 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 filing with the SEC, which is available at this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction 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 sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

NYSE KMI traded down $0.04 during trading hours on Friday, hitting $24.47. The company had a trading volume of 3,463,865 shares, compared to its average volume of 13,750,391. The firm has a 50 day simple moving average of $22.79 and a 200 day simple moving average of $20.87. Kinder Morgan, Inc. has a 52 week low of $16.17 and a 52 week high of $25.43. The firm has a market capitalization of $54.36 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 3.07 and a beta of 0.93. 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 posted its quarterly earnings data 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 the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is presently 100.88%.

Kinder Morgan Company Profile

(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.

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