Exchange Traded Concepts LLC Purchases 58,692 Shares of Kinder Morgan, Inc. $KMI

Exchange Traded Concepts LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,018,969 shares of the pipeline company’s stock after acquiring an additional 58,692 shares during the period. Exchange Traded Concepts LLC’s holdings in Kinder Morgan were worth $55,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of KMI. Davis Capital Management purchased a new position in Kinder Morgan during the 3rd quarter worth $1,426,000. Providence Capital Advisors LLC purchased a new stake in Kinder Morgan in the third quarter valued at about $2,674,000. Meixler Investment Management Ltd. purchased a new stake in Kinder Morgan in the third quarter valued at about $1,882,000. HighTower Advisors LLC boosted its holdings in Kinder Morgan by 3.9% in the third quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock worth $34,874,000 after acquiring an additional 46,396 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its stake in shares of Kinder Morgan by 15.6% during the third quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock worth $352,519,000 after acquiring an additional 1,682,241 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KMI shares. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Truist Financial initiated coverage on shares of Kinder Morgan in a research note on Tuesday. They set a “hold” rating and a $38.00 price target on the stock. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Finally, TD Cowen boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.21.

View Our Latest Analysis on Kinder Morgan

Insider Activity at Kinder Morgan

In related news, Director William A. Smith acquired 3,000 shares of Kinder Morgan stock in a transaction on Monday, February 2nd. The stock was acquired at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the purchase, the director owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This represents a 10.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $33.30, for a total value of $51,615.00. Following the completion of the sale, the vice president owned 46,393 shares in the company, valued at $1,544,886.90. The trade was a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,048 shares of company stock valued at $1,469,863 over the last ninety days. Corporate insiders own 12.73% of the company’s stock.

Key Kinder Morgan News

Here are the key news stories impacting Kinder Morgan this week:

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $34.05 on Friday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $34.73. The business’s 50 day moving average price is $31.97 and its 200 day moving average price is $28.83. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The firm has a market cap of $75.74 billion, a P/E ratio of 24.85, a P/E/G ratio of 3.12 and a beta of 0.68.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the firm posted $0.30 EPS. Kinder Morgan’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Kinder Morgan Company Profile

(Free Report)

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

See Also

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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