Cerity Partners LLC Has $17.20 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Cerity Partners LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 778,474 shares of the pipeline company’s stock after buying an additional 60,516 shares during the period. Cerity Partners LLC’s holdings in Kinder Morgan were worth $17,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KMI. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the third quarter worth approximately $28,000. Planning Capital Management Corp raised its position in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the last quarter. HM Payson & Co. lifted its holdings in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,145 shares in the last quarter. Activest Wealth Management boosted its position in Kinder Morgan by 63.0% in the 3rd quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock valued at $33,000 after buying an additional 571 shares during the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at $30,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In related news, Director C Park Shaper sold 690,142 shares of the firm’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 owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 9.20 % 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. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KMI has been the topic of several research reports. Truist Financial upped their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Wells Fargo & Company raised their target price 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. UBS Group lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Barclays lifted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $25.36.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.84 on Tuesday. The company has a fifty day moving average price of $24.69 and a 200 day moving average price of $21.90. The firm has a market cap of $61.85 billion, a PE ratio of 24.42, a PEG ratio of 4.10 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81.

Kinder Morgan (NYSE:KMI) last posted 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). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. Research analysts predict 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. Stockholders 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 annualized dividend and a dividend yield of 4.13%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

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.