Wilmington Savings Fund Society FSB Buys New Stake in Kinder Morgan, Inc. (NYSE:KMI)

Wilmington Savings Fund Society FSB purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,462 shares of the pipeline company’s stock, valued at approximately $386,000.

A number of other institutional investors also recently made changes to their positions in the stock. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan during the 3rd quarter worth about $28,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth about $30,000. Planning Capital Management Corp grew its holdings in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan in the second quarter valued at approximately $31,000. Finally, HM Payson & Co. lifted its stake in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

NYSE:KMI opened at $26.56 on Tuesday. The firm’s fifty day simple moving average is $26.23 and its 200 day simple moving average is $22.76. 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 twelve month low of $16.47 and a twelve month high of $28.81. The firm has a market capitalization of $59.01 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.88 and a beta of 0.95.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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 company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 4.33%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMI. UBS Group lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. The Goldman Sachs Group lifted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research report on Friday, October 18th. Truist Financial lifted their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, Barclays increased their price objective 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, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $25.75.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 727,263 shares of company stock valued at $18,075,634. Corporate insiders own 12.64% of the company’s stock.

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.