Barclays PLC Buys 2,334,273 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Barclays PLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 39.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,186,207 shares of the pipeline company’s stock after purchasing an additional 2,334,273 shares during the period. Barclays PLC owned about 0.37% of Kinder Morgan worth $180,833,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SignalPoint Asset Management LLC increased its holdings in Kinder Morgan by 1.5% during the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after purchasing an additional 447 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Kinder Morgan by 0.3% in the third quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock valued at $3,193,000 after acquiring an additional 468 shares in the last quarter. Trust Co. of Oklahoma grew its holdings in shares of Kinder Morgan by 1.5% in the third quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock valued at $742,000 after acquiring an additional 486 shares in the last quarter. Pinnacle West Asset Management Inc. grew its holdings in shares of Kinder Morgan by 0.5% in the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock valued at $2,124,000 after acquiring an additional 500 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings 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 institutional investors.

Kinder Morgan Trading Down 0.3 %

NYSE:KMI opened at $28.20 on Friday. The company has a market cap of $62.65 billion, a P/E ratio of 24.74, a P/E/G ratio of 3.87 and a beta of 0.94. The stock’s fifty day moving average price is $27.31 and its two-hundred day moving average price is $23.76. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

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 analysts’ expectations of $4.05 billion. During the same quarter last year, the business posted $0.25 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.08%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 745,263 shares of company stock valued at $18,578,014 over the last 90 days. 12.81% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KMI shares. Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. UBS Group upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company upped their target price on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays upped their price objective on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Truist Financial upped their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $26.67.

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.