4,500 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Kimelman & Baird LLC

Kimelman & Baird LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,500 shares of the pipeline company’s stock, valued at approximately $89,000.

A number of other hedge funds have also recently made changes to their positions in KMI. Vanguard Group Inc. raised its position in Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Kinder Morgan by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after acquiring an additional 257,658 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Kinder Morgan by 23.6% during the 1st 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 during the period. Energy Income Partners LLC grew its position 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 acquiring an additional 272,648 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in shares of Kinder Morgan by 45.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after buying an additional 3,135,457 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction 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. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was 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 owns 916,773 shares in the company, valued at approximately $19,261,400.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,311 shares of company stock valued at $3,121,891. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $22.10 on Tuesday. The firm has a market cap of $49.04 billion, a PE ratio of 20.09, a P/E/G ratio of 3.09 and a beta of 0.93. The stock has a 50-day moving average price of $21.30 and a 200-day moving average price of $19.92. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $22.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28.

Kinder Morgan (NYSE:KMI) last issued 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 return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period last year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KMI shares. Royal Bank of Canada boosted their price target on Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Truist Financial upped 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. Barclays raised their target price on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. UBS Group upped their price target on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Nine 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, the company has a consensus rating of “Hold” and an average price target of $22.55.

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.