Icon Wealth Advisors LLC Has $1.09 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Icon Wealth Advisors LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 80.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,451 shares of the pipeline company’s stock after selling 210,073 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Kinder Morgan were worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Acadian Asset Management LLC grew its stake in shares of Kinder Morgan by 186.8% in the 1st quarter. Acadian Asset Management LLC now owns 47,437 shares of the pipeline company’s stock worth $868,000 after acquiring an additional 30,899 shares in the last quarter. Pitcairn Co. bought a new stake in Kinder Morgan in the 1st quarter worth about $202,000. Lazard Asset Management LLC lifted its position in shares of Kinder Morgan by 9.2% during the 1st quarter. Lazard Asset Management LLC now owns 26,871 shares of the pipeline company’s stock worth $492,000 after buying an additional 2,274 shares in the last quarter. BOKF NA boosted its stake in shares of Kinder Morgan by 201.6% in the 1st quarter. BOKF NA now owns 162,831 shares of the pipeline company’s stock worth $2,998,000 after buying an additional 108,847 shares during the last quarter. Finally, Energy Income Partners LLC grew its holdings in shares of Kinder Morgan by 2.6% in the first quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock valued at $196,558,000 after acquiring an additional 272,648 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated 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 transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is owned by insiders.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.49 on Friday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The business has a 50 day moving average of $24.56 and a 200 day moving average of $21.80. The company has a market capitalization of $63.29 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.11 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last issued its 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 return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business earned $0.25 EPS. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is 100.88%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KMI. Stifel Nicolaus boosted their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Truist Financial lifted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.