L & S Advisors Inc Purchases Shares of 164,219 Kinder Morgan, Inc. (NYSE:KMI)

L & S Advisors Inc purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, HoldingsChannel reports. The firm purchased 164,219 shares of the pipeline company’s stock, valued at approximately $3,263,000.

Other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance lifted its holdings in Kinder Morgan by 13.8% during the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock worth $1,148,000 after buying an additional 7,912 shares during the period. LSV Asset Management bought a new stake in Kinder Morgan in the first quarter valued at approximately $8,818,000. Brevan Howard Capital Management LP acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $2,101,000. Duality Advisers LP raised its holdings in Kinder Morgan by 42.7% during the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock worth $5,822,000 after purchasing an additional 94,984 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Kinder Morgan by 221.3% in 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 own 62.52% of the company’s stock.

Insider Buying and Selling

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

Kinder Morgan Stock Performance

NYSE KMI opened at $21.47 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $21.04 and a 200 day simple moving average of $19.63. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The company has a market cap of $47.65 billion, a P/E ratio of 19.52, a PEG ratio of 2.90 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last posted 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). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced 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 dividend yield of 5.36%. Kinder Morgan’s payout ratio is 104.55%.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday. UBS Group increased their price target on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Truist Financial lifted their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price on the stock in a research report on Monday. Finally, Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Hold” and a consensus price target of $22.55.

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.