Addis & Hill Inc Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Addis & Hill Inc increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,011 shares of the pipeline company’s stock after buying an additional 630 shares during the period. Kinder Morgan comprises approximately 0.4% of Addis & Hill Inc’s holdings, making the stock its 24th largest holding. Addis & Hill Inc’s holdings in Kinder Morgan were worth $530,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KMI. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the third quarter valued at about $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth about $30,000. HWG Holdings LP purchased a new position in Kinder Morgan during the second quarter valued at approximately $30,000. Strategic Financial Concepts LLC purchased a new position in Kinder Morgan during the second quarter valued at approximately $31,000. Finally, HM Payson & Co. raised its position in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,145 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $24.18 on Friday. The stock’s fifty day moving average is $22.85 and its two-hundred day moving average is $20.91. The firm has a market capitalization of $53.72 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 3.07 and a beta of 0.93. 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 fifty-two week low of $16.17 and a fifty-two week high of $25.43.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the firm posted $0.25 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMI. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Truist Financial boosted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. Finally, Royal Bank of Canada lifted their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $24.91.

Insider Activity

In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

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.