Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,663,451 shares of the pipeline company’s stock after selling 20,414 shares during the quarter. Kinder Morgan makes up about 1.1% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its 16th biggest position. Kornitzer Capital Management Inc. KS owned 0.12% of Kinder Morgan worth $58,836,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Jmac Enterprises LLC grew its position in Kinder Morgan by 4.8% in the 3rd quarter. Jmac Enterprises LLC now owns 17,500 shares of the pipeline company’s stock valued at $387,000 after buying an additional 800 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares in the last quarter. Bridgewater Advisors Inc. boosted its position in shares of Kinder Morgan by 13.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 15,661 shares of the pipeline company’s stock worth $346,000 after buying an additional 1,813 shares in the last quarter. Graypoint LLC boosted its position in shares of Kinder Morgan by 28.0% in the 3rd quarter. Graypoint LLC now owns 25,447 shares of the pipeline company’s stock worth $562,000 after buying an additional 5,561 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new position in Kinder Morgan in the 3rd quarter valued at about $212,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the business’s 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 purchase, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.81% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.09 during trading on Thursday, reaching $26.26. The company had a trading volume of 1,693,475 shares, compared to its average volume of 13,824,153. The business’s 50 day moving average price is $23.07 and its 200-day moving average price is $21.08. Kinder Morgan, Inc. has a 52 week low of $16.17 and a 52 week high of $26.58. The stock has a market cap of $58.34 billion, a PE ratio of 23.11, a PEG ratio of 3.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

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 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 analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.38%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s payout ratio is presently 100.88%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KMI shares. 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. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, July 19th. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Barclays increased their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.09.

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.