16,004 Shares in Kinder Morgan, Inc. $KMI Acquired by Third View Private Wealth LLC
by Teresa Graham · The Cerbat GemThird View Private Wealth LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,004 shares of the pipeline company’s stock, valued at approximately $440,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $308,000. Schnieders Capital Management LLC. raised its position in shares of Kinder Morgan by 11.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after purchasing an additional 7,081 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Kinder Morgan by 2.1% in the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after purchasing an additional 5,586 shares in the last quarter. Nebula Research & Development LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at approximately $1,168,000. Finally, Sei Investments Co. raised its position in shares of Kinder Morgan by 20.4% in the 2nd quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock valued at $25,328,000 after purchasing an additional 145,806 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
KMI has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Jefferies Financial Group upped their target price on Kinder Morgan from $31.00 to $36.00 and gave the company a “hold” rating in a research report on Tuesday, March 24th. Wells Fargo & Company boosted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Finally, Stifel Nicolaus boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.33.
Get Our Latest Stock Report on Kinder Morgan
Kinder Morgan Trading Down 1.3%
Shares of KMI stock opened at $31.66 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. Kinder Morgan, Inc. has a 1 year low of $25.42 and a 1 year high of $34.73. The stock has a fifty day moving average of $32.79 and a two-hundred day moving average of $29.30. The firm has a market capitalization of $70.44 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 2.93 and a beta of 0.64.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.
Kinder Morgan Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.
Insider Buying and Selling at Kinder Morgan
In related news, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This represents a 12.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $32.93, for a total value of $203,046.38. Following the completion of the sale, the vice president directly owned 182,706 shares of the company’s stock, valued at approximately $6,016,508.58. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 48,048 shares of company stock valued at $1,503,406 over the last 90 days. 12.72% of the stock is owned by insiders.
Kinder Morgan Company Profile
Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.
Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.
See Also
Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMI – Free Report).