Worldquant Millennium Advisors LLC Sells 663,596 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Worldquant Millennium Advisors LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 78.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,313 shares of the pipeline company’s stock after selling 663,596 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Kinder Morgan were worth $4,071,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after acquiring an additional 29,861 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after buying an additional 776 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares during the last quarter. Czech National Bank boosted its holdings in Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after buying an additional 25,406 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in Kinder Morgan by 1,512.7% during the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock worth $1,956,000 after buying an additional 83,090 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMI. Truist Financial raised their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Wells Fargo & Company raised their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Barclays lifted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.75.

Kinder Morgan Stock Down 0.7 %

NYSE:KMI opened at $27.77 on Friday. The firm has a market capitalization of $61.69 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 3.94 and a beta of 0.95. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.81. The stock’s 50 day moving average price is $25.77 and its two-hundred day moving average price is $22.41. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is presently 100.88%.

Insider Buying and Selling

In related news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction 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 sale, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 727,263 shares of company stock valued at $18,075,634. 12.64% of the stock is owned by 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.