NFC Investments LLC Grows Holdings in Kinder Morgan, Inc. (NYSE:KMI)

NFC Investments LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,009 shares of the pipeline company’s stock after buying an additional 8,700 shares during the quarter. Kinder Morgan comprises about 1.2% of NFC Investments LLC’s holdings, making the stock its 19th largest position. NFC Investments LLC’s holdings in Kinder Morgan were worth $4,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Kinder Morgan by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after purchasing an additional 257,658 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its position in Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after buying an additional 69,307 shares during the last quarter. First Pacific Advisors LP lifted its stake in shares of Kinder Morgan by 2.0% in 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 period. Marshall Wace LLP boosted its holdings in shares of Kinder Morgan by 20.6% in the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after acquiring an additional 1,328,082 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after acquiring an additional 164,152 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.7 %

Shares of NYSE:KMI traded down $0.20 during midday trading on Tuesday, hitting $27.24. 3,047,854 shares of the company’s stock traded hands, compared to its average volume of 13,798,438. The firm’s fifty day moving average price is $25.20 and its two-hundred day moving average price is $22.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.81. The company has a market cap of $60.52 billion, a PE ratio of 24.07, a P/E/G ratio of 4.07 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared 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 yield of 4.22%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred 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 sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now 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. 12.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. Bank of America assumed coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Truist Financial upped their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. UBS Group upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.67.

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.