Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Increased by AMG National Trust Bank

AMG National Trust Bank boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 17.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,410 shares of the pipeline company’s stock after purchasing an additional 3,524 shares during the period. AMG National Trust Bank’s holdings in Kinder Morgan were worth $517,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the third quarter worth $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan in the first quarter valued at approximately $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan in the 2nd quarter worth $30,000. Planning Capital Management Corp grew its position in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $28.07 on Wednesday. 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 has a market cap of $62.36 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 3.75 and a beta of 0.91. The business has a 50 day simple moving average of $24.12 and a 200 day simple moving average of $21.64. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.15.

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

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.10%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Analysts Set New Price Targets

Several analysts have recently weighed in on KMI shares. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research report on Friday, October 18th. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Truist Financial raised their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. UBS Group lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada upped their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.36.

Kinder Morgan Company 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.