Swiss National Bank Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Swiss National Bank boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,928,674 shares of the pipeline company’s stock after acquiring an additional 14,800 shares during the quarter. Swiss National Bank’s holdings in Kinder Morgan were worth $130,964,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KMI. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the third quarter worth $28,000. Pathway Financial Advisers LLC purchased a new position in shares of Kinder Morgan in the first quarter valued at $30,000. HWG Holdings LP purchased a new position in shares of Kinder Morgan in the second quarter valued at $30,000. Planning Capital Management Corp increased its position in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Kinder Morgan in the second quarter valued at $31,000. Hedge funds and other institutional investors 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. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Truist Financial raised their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Barclays increased their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus increased 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. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.36.

Insider Activity

In other news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 1.9 %

Shares of NYSE:KMI opened at $27.27 on Monday. The stock’s 50-day moving average price is $23.84 and its two-hundred day moving average price is $21.50. 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 12-month low of $16.47 and a 12-month high of $27.58. The firm has a market cap of $60.58 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.75 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last issued its quarterly 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

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.