Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by LRI Investments LLC

LRI Investments LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 26.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,511 shares of the pipeline company’s stock after buying an additional 953 shares during the quarter. LRI Investments LLC’s holdings in Kinder Morgan were worth $100,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the 3rd quarter worth $28,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan during the second quarter worth about $30,000. Planning Capital Management Corp increased its stake in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Kinder Morgan in the second quarter valued at approximately $31,000. Finally, HM Payson & Co. lifted its stake in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.90 on Wednesday. The stock has a market cap of $59.76 billion, a P/E ratio of 23.60, a P/E/G ratio of 4.00 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.81. The stock has a 50 day moving average of $25.87 and a two-hundred day moving average of $22.49. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors 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 dividend yield of 4.28%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 727,263 shares of company stock worth $18,075,634 in the last quarter. Company insiders own 12.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KMI shares. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Royal Bank of Canada increased their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays increased their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Truist Financial boosted their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.75.

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.