D.A. Davidson & CO. Buys 22,303 Shares of Kinder Morgan, Inc. (NYSE:KMI)

D.A. Davidson & CO. lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 605,156 shares of the pipeline company’s stock after acquiring an additional 22,303 shares during the period. D.A. Davidson & CO.’s holdings in Kinder Morgan were worth $13,368,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Kinder Morgan by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after purchasing an additional 257,658 shares during the period. Kayne Anderson Capital Advisors LP lifted its stake in Kinder Morgan by 0.7% during the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after purchasing an additional 69,307 shares during the period. First Pacific Advisors LP lifted its stake in Kinder Morgan by 2.0% during the second quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company’s stock worth $162,913,000 after purchasing an additional 163,294 shares during the period. Marshall Wace LLP lifted its stake in Kinder Morgan by 20.6% during the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after purchasing an additional 1,328,082 shares during the period. Finally, Bank of Montreal Can lifted its stake in Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after purchasing an additional 164,152 shares during the period. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company raised 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. Barclays raised their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Bank of America assumed coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Royal Bank of Canada raised their price objective 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. Finally, Truist Financial raised their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.67.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction 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 sale, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $28.09 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a market cap of $62.39 billion, a P/E ratio of 24.64, a P/E/G ratio of 4.01 and a beta of 0.91. The firm has a 50 day simple moving average of $24.82 and a 200 day simple moving average of $21.97. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly 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). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 100.88%.

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.