Tidal Investments LLC Sells 1,632 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Tidal Investments LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,283 shares of the pipeline company’s stock after selling 1,632 shares during the quarter. Tidal Investments LLC’s holdings in Kinder Morgan were worth $1,089,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KMI. Blankinship & Foster LLC lifted its holdings in shares of Kinder Morgan by 128.4% in the third quarter. Blankinship & Foster LLC now owns 46,900 shares of the pipeline company’s stock valued at $1,036,000 after purchasing an additional 26,363 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Kinder Morgan in the 3rd quarter valued at $386,000. World Investment Advisors LLC purchased a new stake in Kinder Morgan in the 3rd quarter valued at $826,000. Sanctuary Advisors LLC lifted its stake in Kinder Morgan by 62.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 746,606 shares of the pipeline company’s stock valued at $16,493,000 after acquiring an additional 286,358 shares in the last quarter. Finally, Unigestion Holding SA bought a new stake in shares of Kinder Morgan in the 3rd quarter worth $1,687,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on KMI shares. Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Truist Financial boosted their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Barclays increased their price target on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.25.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the 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 completion of the sale, the director now 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. In the last three months, insiders have sold 727,263 shares of company stock worth $18,075,634. 12.64% of the stock is owned by company insiders.

Kinder Morgan Trading Up 1.6 %

Shares of Kinder Morgan stock opened at $26.24 on Friday. The stock has a market capitalization of $58.30 billion, a P/E ratio of 23.02, a P/E/G ratio of 3.88 and a beta of 0.95. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.81. 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’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $22.86.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results 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 business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company posted $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 anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

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.