Advisors Asset Management Inc. Has $4.85 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Advisors Asset Management Inc. trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,634 shares of the pipeline company’s stock after selling 32,659 shares during the quarter. Advisors Asset Management Inc.’s holdings in Kinder Morgan were worth $4,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth $28,000. Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the 3rd 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 during the period. HM Payson & Co. raised its position in shares of Kinder Morgan by 401.8% in the 3rd 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 in the last quarter. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $30,000. Finally, ZRC Wealth Management LLC bought a new position in Kinder Morgan in the third quarter valued at approximately $36,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Truist Financial raised their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. UBS Group raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company raised their price objective on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Morgan Stanley set a $26.00 price objective on Kinder Morgan in a report on Friday, October 18th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $25.36.

Kinder Morgan Stock Performance

KMI stock opened at $28.57 on Friday. The stock has a 50-day moving average price of $24.41 and a 200-day moving average price of $21.73. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.67. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The firm has a market cap of $63.46 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 3.86 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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). 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 the consensus estimate of $4.05 billion. During the same period last year, the business posted $0.25 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced 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 yield of 4.03%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

About Kinder Morgan

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.