Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Ingalls & Snyder LLC

Ingalls & Snyder LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,238 shares of the pipeline company’s stock after purchasing an additional 675 shares during the period. Ingalls & Snyder LLC’s holdings in Kinder Morgan were worth $3,482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC increased its holdings in Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,389 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $26,000. Pathway Financial Advisers LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at about $30,000. OFI Invest Asset Management purchased a new position in shares of Kinder Morgan in the 1st quarter valued at about $31,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated 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 owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,311 shares of company stock worth $3,121,891. 12.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KMI shares. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Argus raised 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 raised their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus lifted their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $22.20.

Kinder Morgan Stock Up 0.7 %

Shares of NYSE KMI opened at $21.57 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The firm has a market cap of $47.87 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 3.00 and a beta of 0.93. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $21.86. The stock’s 50-day simple moving average is $20.74 and its 200-day simple moving average is $19.29.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share 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 the consensus estimate of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is currently 104.55%.

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.