Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,550,002 shares of the pipeline company’s stock after acquiring an additional 69,307 shares during the quarter. Kinder Morgan accounts for approximately 5.9% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 9th biggest position. Kayne Anderson Capital Advisors LP’s holdings in Kinder Morgan were worth $233,050,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Kinder Morgan by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after buying an additional 257,658 shares during the period. Clearbridge Investments LLC raised its stake in shares of Kinder Morgan by 23.6% in the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after acquiring an additional 2,125,648 shares in the last quarter. Energy Income Partners LLC grew its stake in Kinder Morgan by 2.6% during the 1st quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock worth $196,558,000 after purchasing an additional 272,648 shares in the last quarter. First Pacific Advisors LP increased its holdings in Kinder Morgan by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company’s stock worth $162,913,000 after purchasing an additional 163,294 shares during the period. Finally, Castle Hook Partners LP raised its position in Kinder Morgan by 108.2% in the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after purchasing an additional 4,053,793 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KMI. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Truist Financial raised their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, UBS Group raised their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $25.36.

Kinder Morgan Price Performance

KMI stock opened at $27.27 on Monday. The stock has a 50-day moving average price of $23.84 and a two-hundred day moving average price of $21.50. The company has a market cap of $60.58 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $27.58. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Kinder Morgan Company Profile

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.