B. Riley Wealth Advisors Inc. Has $2.85 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

B. Riley Wealth Advisors Inc. cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 127,220 shares of the pipeline company’s stock after selling 14,512 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Kinder Morgan were worth $2,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Kinder Morgan by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after purchasing an additional 257,658 shares during the period. Kayne Anderson Capital Advisors LP grew its position in shares of Kinder Morgan by 0.7% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock valued at $233,050,000 after purchasing an additional 69,307 shares during the period. First Pacific Advisors LP boosted its position in Kinder Morgan by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company’s stock worth $162,913,000 after acquiring an additional 163,294 shares during the last quarter. Barclays PLC boosted its position in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Kinder Morgan by 20.6% during the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after acquiring an additional 1,328,082 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.1 %

KMI opened at $26.88 on Monday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The stock’s fifty day simple moving average is $26.17 and its 200 day simple moving average is $22.71. 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 stock has a market cap of $59.72 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMI. Stifel Nicolaus upped their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Truist Financial upped their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. Finally, Wells Fargo & Company upped their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $25.75.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated 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 transaction, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This 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 corporate insiders.

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.