Fisher Asset Management LLC Reduces Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Fisher Asset Management LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 26.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 13,136 shares of the pipeline company’s stock after selling 4,636 shares during the period. Fisher Asset Management LLC’s holdings in Kinder Morgan were worth $290,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. SignalPoint Asset Management LLC lifted its holdings in Kinder Morgan by 1.5% during the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after purchasing an additional 447 shares in the last quarter. Moors & Cabot Inc. lifted its stake in shares of Kinder Morgan by 0.3% during the 3rd quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock valued at $3,193,000 after buying an additional 468 shares in the last quarter. Trust Co. of Oklahoma boosted its holdings in Kinder Morgan by 1.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock worth $742,000 after buying an additional 486 shares during the period. Pinnacle West Asset Management Inc. increased its stake in Kinder Morgan by 0.5% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock worth $2,124,000 after buying an additional 500 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Kinder Morgan by 1.0% in the third quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock valued at $1,221,000 after acquiring an additional 521 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at $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. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.27 on Monday. The firm has a market capitalization of $62.81 billion, a PE ratio of 24.80, a PEG ratio of 4.07 and a beta of 0.91. The stock’s fifty day moving average is $25.20 and its 200 day moving average is $22.15. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.07%. Kinder Morgan’s payout ratio is 100.88%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KMI shares. Truist Financial lifted their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus raised their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $25.67.

Kinder Morgan 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.