Catalyst Capital Advisors LLC Increases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Catalyst Capital Advisors LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 779,710 shares of the pipeline company’s stock after purchasing an additional 123,962 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Kinder Morgan were worth $17,224,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. QRG Capital Management Inc. raised its position in shares of Kinder Morgan by 1.7% in the third quarter. QRG Capital Management Inc. now owns 303,197 shares of the pipeline company’s stock valued at $6,698,000 after purchasing an additional 4,925 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Kinder Morgan by 2.7% in the third quarter. Asset Management One Co. Ltd. now owns 934,884 shares of the pipeline company’s stock valued at $20,652,000 after purchasing an additional 24,973 shares during the period. National Pension Service raised its position in shares of Kinder Morgan by 15.8% in the third quarter. National Pension Service now owns 2,938,864 shares of the pipeline company’s stock valued at $64,920,000 after purchasing an additional 400,397 shares during the period. Van ECK Associates Corp raised its position in shares of Kinder Morgan by 5.7% in the third quarter. Van ECK Associates Corp now owns 666,452 shares of the pipeline company’s stock valued at $14,722,000 after purchasing an additional 36,112 shares during the period. Finally, Baxter Bros Inc. increased its holdings in Kinder Morgan by 1.6% during the 3rd quarter. Baxter Bros Inc. now owns 89,161 shares of the pipeline company’s stock worth $1,970,000 after acquiring an additional 1,387 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KMI shares. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Wells Fargo & Company boosted 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. Truist Financial upped their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $25.09.

Kinder Morgan Trading Up 1.3 %

Shares of KMI opened at $24.49 on Tuesday. The stock has a market capitalization of $54.41 billion, a P/E ratio of 21.48, a PEG ratio of 2.99 and a beta of 0.91. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a fifty day simple moving average of $22.91 and a two-hundred day simple moving average of $21.00. Kinder Morgan, Inc. has a twelve month low of $16.17 and a twelve month high of $25.43.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for 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%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.2875 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.70%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insiders Place Their Bets

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.81% of the company’s stock.

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.