Pacifica Partners Inc. Has $4.29 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Pacifica Partners Inc. lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 194,009 shares of the pipeline company’s stock after selling 2,672 shares during the quarter. Kinder Morgan makes up approximately 1.8% of Pacifica Partners Inc.’s investment portfolio, making the stock its 17th largest holding. Pacifica Partners Inc.’s holdings in Kinder Morgan were worth $4,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC boosted its holdings in shares of 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 buying an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan during the 1st quarter worth approximately $30,000. HWG Holdings LP bought a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $30,000. OFI Invest Asset Management bought a new position in shares of Kinder Morgan during the 1st quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Kinder Morgan during the 1st quarter worth approximately $31,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada increased their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Stifel Nicolaus increased their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Truist Financial increased their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 19th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Hold” and an average target price of $22.80.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $23.58 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 stock’s fifty day simple moving average is $21.44 and its two-hundred day simple moving average is $20.07. Kinder Morgan, Inc. has a 1-year low of $15.91 and a 1-year high of $23.83. The stock has a market cap of $52.33 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.88%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Insider Buying and Selling

In other Kinder Morgan 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 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Dax Sanders sold 1,729 shares of the business’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 approximately $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the transaction, the president now directly owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is owned by insiders.

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.