Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 21.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 632,306 shares of the pipeline company’s stock after selling 171,351 shares during the period. Coronation Fund Managers Ltd.’s holdings in Kinder Morgan were worth $13,968,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. J.W. Cole Advisors Inc. increased its stake in shares of Kinder Morgan by 68.5% during the first quarter. J.W. Cole Advisors Inc. now owns 21,718 shares of the pipeline company’s stock worth $398,000 after purchasing an additional 8,828 shares in the last quarter. Private Advisor Group LLC boosted its position in Kinder Morgan by 2.7% during the first quarter. Private Advisor Group LLC now owns 159,755 shares of the pipeline company’s stock worth $2,930,000 after acquiring an additional 4,245 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Kinder Morgan by 23.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 40,995 shares of the pipeline company’s stock valued at $752,000 after acquiring an additional 7,731 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Kinder Morgan by 1.2% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 72,868 shares of the pipeline company’s stock valued at $1,336,000 after acquiring an additional 860 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in Kinder Morgan in the 1st quarter worth approximately $62,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $24.18 on Friday. Kinder Morgan, Inc. has a 52 week low of $16.17 and a 52 week high of $25.43. The firm has a 50 day moving average of $22.85 and a two-hundred day moving average of $20.93. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $53.72 billion, a PE ratio of 21.21, a P/E/G ratio of 3.03 and a beta of 0.91.

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 company 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 company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share. On average, research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.76%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KMI. Stifel Nicolaus upped their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Truist Financial lifted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Barclays increased their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Scotiabank lifted their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada increased their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.91.

Insider Buying and Selling

In other news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director C Park Shaper sold 690,142 shares of the business’s 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 completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is owned by 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.