Clarity Financial LLC Has $252,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Clarity Financial LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,420 shares of the pipeline company’s stock after buying an additional 982 shares during the quarter. Clarity Financial LLC’s holdings in Kinder Morgan were worth $252,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KMI. Private Advisor Group LLC grew its position in Kinder Morgan by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 159,755 shares of the pipeline company’s stock worth $2,930,000 after purchasing an additional 4,245 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Kinder Morgan in the 1st quarter valued at approximately $62,000. Daiwa Securities Group Inc. lifted its position in shares of Kinder Morgan by 9.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 210,974 shares of the pipeline company’s stock worth $3,870,000 after acquiring an additional 18,376 shares during the period. Mutual Advisors LLC grew its holdings in shares of Kinder Morgan by 0.7% during the 1st quarter. Mutual Advisors LLC now owns 90,237 shares of the pipeline company’s stock worth $1,655,000 after purchasing an additional 597 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Kinder Morgan by 221.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock valued at $4,615,000 after purchasing an additional 173,313 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $24.49 on Tuesday. The business has a fifty day moving average of $22.91 and a 200-day moving average of $21.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a twelve month low of $16.17 and a twelve month high of $25.43. The firm has a market cap of $54.41 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed 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 is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.70%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Analyst Ratings Changes

KMI has been the subject of several research reports. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday, July 19th. Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Truist Financial increased their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Wells Fargo & Company upped their price objective on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley set a $26.00 target price on Kinder Morgan in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.09.

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction 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 completion of the sale, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 0.00 % 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 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.