Valley Wealth Managers Inc. Has $4.29 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Valley Wealth Managers Inc. lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,335 shares of the pipeline company’s stock after selling 6,798 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Kinder Morgan were worth $4,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC raised its stake in Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after purchasing an additional 776 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake 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 purchasing an additional 29,861 shares in the last quarter. Czech National Bank grew its position in Kinder Morgan by 6.9% in the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after acquiring an additional 25,406 shares during the last quarter. Principal Financial Group Inc. grew its position in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after acquiring an additional 71,984 shares during the last quarter. Finally, Valley National Advisers Inc. grew its position in Kinder Morgan by 1,512.7% in the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock valued at $1,956,000 after acquiring an additional 83,090 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.6 %

Shares of Kinder Morgan stock traded up $0.16 during midday trading on Friday, reaching $26.92. The company had a trading volume of 318,070 shares, compared to its average volume of 13,817,833. The stock has a fifty day moving average price of $23.72 and a 200 day moving average price of $21.40. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a market cap of $59.81 billion, a PE ratio of 23.69, a P/E/G ratio of 3.69 and a beta of 0.91. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $27.58.

Kinder Morgan (NYSE:KMI) last posted 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 return on equity of 7.87% and a net margin of 16.76%. The company 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 firm earned $0.25 earnings per share. Kinder Morgan’s revenue was down 5.3% compared to the same quarter last year. On average, equities 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 declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insider Buying and Selling at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KMI shares. Barclays lifted their target price on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. 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 target on the stock. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Truist Financial boosted their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

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.