Victory Capital Management Inc. Trims Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Victory Capital Management Inc. cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,347,082 shares of the pipeline company’s stock after selling 114,025 shares during the quarter. Victory Capital Management Inc.’s holdings in Kinder Morgan were worth $51,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Headlands Technologies LLC bought a new position in Kinder Morgan during the 1st quarter valued at $100,000. Bleakley Financial Group LLC increased its holdings in Kinder Morgan by 5.3% in the first quarter. Bleakley Financial Group LLC now owns 27,027 shares of the pipeline company’s stock valued at $496,000 after buying an additional 1,360 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Kinder Morgan by 14.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 192,079 shares of the pipeline company’s stock valued at $3,523,000 after buying an additional 24,396 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in Kinder Morgan by 7.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 86,140 shares of the pipeline company’s stock worth $1,580,000 after buying an additional 5,774 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of Kinder Morgan by 5.0% in the 1st quarter. Blair William & Co. IL now owns 640,765 shares of the pipeline company’s stock worth $11,752,000 after acquiring an additional 30,692 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMI shares. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Truist Financial boosted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Barclays lifted their target price on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company upped their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on 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 approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

Shares of KMI opened at $26.77 on Friday. The firm has a market capitalization of $59.46 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 3.74 and a beta of 0.91. The stock’s fifty day moving average is $23.61 and its 200-day moving average is $21.36. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $27.58. 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 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 firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is currently 100.88%.

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.