NCP Inc. Has $241,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

NCP Inc. lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 35.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,889 shares of the pipeline company’s stock after acquiring an additional 2,833 shares during the period. NCP Inc.’s holdings in Kinder Morgan were worth $241,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KMI. Cadence Bank increased its position in shares of Kinder Morgan by 1.7% during the third quarter. Cadence Bank now owns 590,212 shares of the pipeline company’s stock valued at $13,038,000 after purchasing an additional 10,011 shares during the period. Avestar Capital LLC increased its holdings in Kinder Morgan by 6.5% in the 3rd quarter. Avestar Capital LLC now owns 11,716 shares of the pipeline company’s stock valued at $259,000 after buying an additional 714 shares during the period. Brooklyn Investment Group acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $170,000. Partners Group Holding AG lifted its holdings in shares of Kinder Morgan by 2,170.6% during the 3rd quarter. Partners Group Holding AG now owns 287,777 shares of the pipeline company’s stock worth $6,357,000 after acquiring an additional 275,103 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of Kinder Morgan by 3.8% during the 3rd quarter. D.A. Davidson & CO. now owns 605,156 shares of the pipeline company’s stock valued at $13,368,000 after acquiring an additional 22,303 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.8 %

Shares of NYSE KMI opened at $28.09 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $62.39 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 4.01 and a beta of 0.91. The firm’s 50-day moving average is $24.82 and its 200-day moving average is $21.97. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.81.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business 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%. Kinder Morgan’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.09%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KMI shares. The Goldman Sachs Group raised their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. Truist Financial boosted their target price 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. UBS Group lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company upped their price objective 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. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.67.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated 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 transaction, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by corporate 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.