Bank of Montreal Can Boosts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Bank of Montreal Can increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,485,834 shares of the pipeline company’s stock after buying an additional 164,152 shares during the quarter. Bank of Montreal Can owned about 0.34% of Kinder Morgan worth $163,116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Dimensional Fund Advisors LP raised its holdings in shares of Kinder Morgan by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after acquiring an additional 257,658 shares during the period. Kayne Anderson Capital Advisors LP raised 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 boosted its holdings in Kinder Morgan by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company’s stock valued at $162,913,000 after purchasing an additional 163,294 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Kinder Morgan by 20.6% in the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after buying an additional 1,328,082 shares during the period. Finally, Duquesne Family Office LLC grew its stake in shares of Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after buying an additional 2,872,665 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value 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 represents a 10.30 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Truist Financial raised 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. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday, October 18th. Bank of America assumed coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Finally, UBS Group raised their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.36.

Kinder Morgan Stock Down 2.3 %

Shares of Kinder Morgan stock opened at $27.84 on Tuesday. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $28.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm has a fifty day moving average of $24.69 and a two-hundred day moving average of $21.90. The company has a market cap of $61.85 billion, a P/E ratio of 24.42, a PEG ratio of 4.10 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. On average, analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 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.