Meeder Advisory Services Inc. Increases Position in Kinder Morgan, Inc. (NYSE:KMI)

Meeder Advisory Services Inc. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 48,999 shares of the pipeline company’s stock after buying an additional 3,675 shares during the period. Meeder Advisory Services Inc.’s holdings in Kinder Morgan were worth $1,082,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KMI. Castle Hook Partners LP grew its position in Kinder Morgan by 108.2% in the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after acquiring an additional 4,053,793 shares in the last quarter. Duquesne Family Office LLC grew its holdings in shares of Kinder Morgan by 74.0% in the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after purchasing an additional 2,872,665 shares in the last quarter. International Assets Investment Management LLC increased its stake in Kinder Morgan by 1,849.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after buying an additional 2,053,612 shares during the period. Marshall Wace LLP lifted its holdings 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 buying an additional 1,328,082 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Kinder Morgan by 35.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,550,331 shares of the pipeline company’s stock valued at $90,415,000 after buying an additional 1,187,200 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. UBS Group lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday. Barclays raised their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Truist Financial boosted their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus boosted 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. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.36.

Kinder Morgan Stock Up 1.9 %

KMI opened at $27.79 on Tuesday. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $27.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a market capitalization of $61.73 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. The business’s 50-day simple moving average is $23.98 and its 200-day simple moving average is $21.57.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm 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 company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

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

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

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.