RDA Financial Network Has $1.86 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

RDA Financial Network grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,282 shares of the pipeline company’s stock after purchasing an additional 2,704 shares during the quarter. RDA Financial Network’s holdings in Kinder Morgan were worth $1,862,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KMI. Trust Co. of Oklahoma boosted its holdings in Kinder Morgan by 1.5% during the third quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock worth $742,000 after buying an additional 486 shares during the last quarter. TTP Investments Inc. bought a new position in Kinder Morgan during the 3rd quarter worth approximately $1,584,000. Creative Planning grew its holdings in Kinder Morgan by 5.2% during the third quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock valued at $9,109,000 after purchasing an additional 20,468 shares during the period. Wesbanco Bank Inc. increased its stake in Kinder Morgan by 38.3% in the third quarter. Wesbanco Bank Inc. now owns 160,415 shares of the pipeline company’s stock valued at $3,544,000 after purchasing an additional 44,423 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in Kinder Morgan in the third quarter worth $3,197,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on KMI shares. Truist Financial upped their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Morgan Stanley raised Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price for the company in a research note on Monday, September 16th. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 19th. Finally, UBS Group raised their price objective on shares of Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.18.

Insiders Place Their Bets

In other news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock valued at $3,121,891 over the last 90 days. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Down 0.4 %

KMI traded down $0.11 on Tuesday, hitting $24.77. 11,909,472 shares of the company were exchanged, compared to its average volume of 13,773,753. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The stock’s fifty day moving average is $21.80 and its 200-day moving average is $20.31. The company has a market cap of $54.97 billion, a PE ratio of 22.62, a PEG ratio of 3.27 and a beta of 0.93. Kinder Morgan, Inc. has a 12 month low of $15.91 and a 12 month high of $25.02.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the company posted $0.24 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is currently 104.55%.

Kinder Morgan Profile

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.