Parcion Private Wealth LLC trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 54.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,620 shares of the pipeline company’s stock after selling 16,591 shares during the quarter. Parcion Private Wealth LLC’s holdings in Kinder Morgan were worth $411,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. increased its stake in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of Kinder Morgan by 72.9% in the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after buying an additional 328 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan in the first quarter valued at $28,000. Bell Investment Advisors Inc lifted its stake in shares of Kinder Morgan by 112.1% in the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock valued at $30,000 after buying an additional 500 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Kinder Morgan during the second quarter valued at about $32,000. 62.52% of the stock is owned by institutional investors.
Kinder Morgan Stock Up 0.1%
Shares of NYSE:KMI opened at $33.90 on Monday. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a market capitalization of $75.52 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. The business has a fifty day moving average price of $32.06 and a two-hundred day moving average price of $32.03. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.55.
Kinder Morgan (NYSE:KMI – Get Free Report) last released its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.57 earnings per share for the current year.
Kinder Morgan Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a $0.2975 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.19 annualized dividend and a yield of 3.5%. Kinder Morgan’s payout ratio is currently 73.46%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Royal Bank Of Canada boosted their price objective on Kinder Morgan from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Wednesday. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 23rd. Freedom Broker raised Kinder Morgan from a “hold” rating to a “buy” rating and lifted their target price for the company from $34.00 to $39.00 in a research report on Thursday, October 22nd. UBS Group reiterated a “buy” rating on shares of Kinder Morgan in a report on Tuesday, October 27th. Finally, Argus raised their price objective on Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $37.15.
Get Our Latest Stock Report on Kinder Morgan
Insiders Place Their Bets
In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president directly owned 47,313 shares in the company, valued at $1,592,082.45. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by insiders.
About Kinder Morgan
Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.
The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.
Featured Stories
- Five stocks we like better than Kinder Morgan
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.
