Cahill Financial Advisors Inc. Has $789,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Cahill Financial Advisors Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,731 shares of the pipeline company’s stock after selling 1,662 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Kinder Morgan were worth $789,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the third quarter worth $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter worth about $30,000. HWG Holdings LP bought a new position in Kinder Morgan in the 2nd quarter valued at about $30,000. Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Kinder Morgan during the 2nd quarter worth approximately $31,000. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now 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 legal filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMI. Truist Financial raised their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Finally, UBS Group boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.36.

Kinder Morgan Trading Down 0.2 %

Shares of KMI stock opened at $28.49 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market cap of $63.29 billion, a P/E ratio of 24.99, a PEG ratio of 4.11 and a beta of 0.91. The company has a 50 day moving average of $24.56 and a 200-day moving average of $21.82. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month 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 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 firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 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.