Exchange Traded Concepts LLC Increases Position in Kinder Morgan, Inc. $KMI

Exchange Traded Concepts LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,018,969 shares of the pipeline company’s stock after buying an additional 58,692 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.09% of Kinder Morgan worth $55,501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new position in Kinder Morgan in the 4th quarter valued at $27,000. Strategic Advocates LLC bought a new stake in shares of Kinder Morgan during the third quarter worth $32,000. CoreFirst Bank & Trust bought a new stake in shares of Kinder Morgan during the second quarter worth $35,000. Private Wealth Management Group LLC boosted its stake in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares during the period. Finally, Westside Investment Management Inc. grew its holdings in shares of Kinder Morgan by 314.6% in the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,032 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the transaction, the vice president directly owned 188,872 shares in the company, valued at approximately $6,359,320.24. This trade represents a 3.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the transaction, the vice president directly owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 48,048 shares of company stock worth $1,469,863. 12.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KMI shares. TD Cowen lifted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Finally, Truist Financial assumed coverage on Kinder Morgan in a research note on Tuesday. They issued a “hold” rating and a $38.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.21.

Get Our Latest Research Report on Kinder Morgan

Kinder Morgan Stock Down 0.1%

Shares of Kinder Morgan stock opened at $34.05 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The stock has a market cap of $75.74 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 3.12 and a beta of 0.68. The firm’s 50-day moving average is $31.97 and its two-hundred day moving average is $28.83. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $34.73.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.4%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Key Headlines Impacting Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

About Kinder Morgan

(Free Report)

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

See Also

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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