Tidal Investments LLC Sells 1,632 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Tidal Investments LLC trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 49,283 shares of the pipeline company’s stock after selling 1,632 shares during the quarter. Tidal Investments LLC’s holdings in Kinder Morgan were worth $1,089,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. &PARTNERS increased its holdings in Kinder Morgan by 208.0% in the 2nd quarter. &PARTNERS now owns 51,273 shares of the pipeline company’s stock valued at $1,019,000 after buying an additional 34,628 shares during the period. Premier Path Wealth Partners LLC increased its stake in Kinder Morgan by 1.4% in the second quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock valued at $785,000 after acquiring an additional 545 shares during the last quarter. LRI Investments LLC raised its position in Kinder Morgan by 1,706.1% during the second quarter. LRI Investments LLC now owns 3,558 shares of the pipeline company’s stock valued at $71,000 after purchasing an additional 3,361 shares in the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of Kinder Morgan by 7.5% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 14,334 shares of the pipeline company’s stock valued at $285,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Sigma Investment Counselors Inc. increased its stake in shares of Kinder Morgan by 1.8% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 99,447 shares of the pipeline company’s stock valued at $1,976,000 after purchasing an additional 1,736 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.24 on Friday. The stock has a market capitalization of $58.30 billion, a PE ratio of 23.02, a PEG ratio of 3.88 and a beta of 0.95. The business’s 50 day simple moving average is $26.39 and its 200 day simple moving average is $22.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $28.81.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.38%. Kinder Morgan’s payout ratio is currently 100.88%.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis bought 2,241 shares of the firm’s 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 transaction, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 727,263 shares of company stock valued at $18,075,634. 12.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KMI shares. Stifel Nicolaus raised their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research note on Friday, October 18th. Barclays upped their price objective on shares of Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Truist Financial boosted 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. Finally, The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.25.

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.