Empowered Funds LLC Has $3.82 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Empowered Funds LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 15.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 172,905 shares of the pipeline company’s stock after purchasing an additional 22,776 shares during the quarter. Empowered Funds LLC’s holdings in Kinder Morgan were worth $3,819,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Empirical Finance LLC raised its stake in shares of Kinder Morgan by 2.0% in the third quarter. Empirical Finance LLC now owns 67,428 shares of the pipeline company’s stock valued at $1,489,000 after acquiring an additional 1,325 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Kinder Morgan by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 341,054 shares of the pipeline company’s stock valued at $7,534,000 after purchasing an additional 22,151 shares in the last quarter. Sargent Investment Group LLC raised its position in Kinder Morgan by 2.6% in the 3rd quarter. Sargent Investment Group LLC now owns 87,339 shares of the pipeline company’s stock valued at $1,929,000 after purchasing an additional 2,245 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Kinder Morgan by 10.2% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 87,736 shares of the pipeline company’s stock worth $1,938,000 after purchasing an additional 8,120 shares in the last quarter. Finally, Curi RMB Capital LLC grew its holdings in shares of Kinder Morgan by 1.1% during the third quarter. Curi RMB Capital LLC now owns 691,613 shares of the pipeline company’s stock worth $15,278,000 after purchasing an additional 7,289 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research analyst reports. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Truist Financial increased their price target 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. Royal Bank of Canada upped their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, UBS Group lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.36.

Kinder Morgan Price Performance

Shares of KMI opened at $27.79 on Tuesday. The stock has a market cap of $61.73 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $27.84. The stock’s 50-day moving average price is $23.98 and its two-hundred day moving average price is $21.57. 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 (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Park Shaper sold 690,142 shares of the firm’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 transaction of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale 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.