Aptus Capital Advisors LLC Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Aptus Capital Advisors LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,522 shares of the pipeline company’s stock after buying an additional 2,664 shares during the period. Aptus Capital Advisors LLC’s holdings in Kinder Morgan were worth $718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC boosted its position in Kinder Morgan by 12.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 54,865 shares of the pipeline company’s stock worth $1,212,000 after purchasing an additional 5,984 shares during the period. New South Capital Management Inc. purchased a new stake in shares of Kinder Morgan during the 3rd quarter valued at approximately $213,000. Savvy Advisors Inc. boosted its holdings in Kinder Morgan by 28.2% in the 3rd quarter. Savvy Advisors Inc. now owns 15,672 shares of the pipeline company’s stock worth $346,000 after buying an additional 3,444 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in Kinder Morgan by 34.4% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 50,001 shares of the pipeline company’s stock valued at $1,105,000 after buying an additional 12,811 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after acquiring an additional 29,861 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.1 %

Shares of KMI opened at $26.77 on Friday. The firm has a market cap of $59.46 billion, a P/E ratio of 23.48, a P/E/G ratio of 3.74 and a beta of 0.91. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $27.58. The stock has a 50 day simple moving average of $23.61 and a two-hundred day simple moving average of $21.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last released its 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). The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. On average, analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KMI shares. Wells Fargo & Company lifted their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. Truist Financial raised their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Finally, The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $25.09.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is currently owned by company insiders.

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.