Napa Wealth Management Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Napa Wealth Management acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 51,265 shares of the pipeline company’s stock, valued at approximately $1,132,000.

A number of other hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the third quarter worth approximately $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan in the 1st quarter worth approximately $30,000. HWG Holdings LP bought a new position in shares of Kinder Morgan during the second quarter worth about $30,000. Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $27.32 on Monday. The business’s 50-day moving average price is $23.84 and its two-hundred day moving average price is $21.50. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $27.58. The company has a market capitalization of $60.70 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. 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 posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company 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 business earned $0.25 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.21%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Wall Street Analyst Weigh In

KMI has been the subject of a number of analyst reports. Truist Financial boosted their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.36.

Insider Activity

In other news, Director C Park Shaper sold 690,142 shares of the business’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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is owned by company insiders.

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.