Kinder Morgan, Inc. (NYSE:KMI) Stock Position Raised by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1,849.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,164,637 shares of the pipeline company’s stock after acquiring an additional 2,053,612 shares during the period. International Assets Investment Management LLC owned about 0.10% of Kinder Morgan worth $47,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMI. Northwest Investment Counselors LLC bought a new position in Kinder Morgan during the 3rd quarter worth $28,000. Pathway Financial Advisers LLC bought a new stake in Kinder Morgan in the 1st quarter valued at about $30,000. HWG Holdings LP acquired a new position in Kinder Morgan during the 2nd quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new position in Kinder Morgan in the 1st quarter worth about $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial raised their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. UBS Group lifted their price objective on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays lifted their price target on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, Argus raised 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 investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.91.

Kinder Morgan Price Performance

NYSE KMI opened at $24.95 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $55.43 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.91 and a 12-month high of $25.43. The company has a 50 day moving average price of $22.50 and a two-hundred day moving average price of $20.72.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.61%. Kinder Morgan’s payout ratio is currently 100.88%.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 817,040 shares of company stock worth $19,747,879 over the last 90 days. Insiders own 12.64% of the company’s stock.

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.