1 week Ago By ABMN Staff
Great Lakes Advisors LLC bought a new stake in shares of Kinder Morgan, Inc. ( NYSE:KMI – Free Report ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 257,054 shares of the pipeline company’s stock, valued at approximately $5,108,000.
Several other large investors have also recently made changes to their positions in the company. Independent Advisor Alliance increased its stake in shares of Kinder Morgan by 13.8% in the 4th quarter.
Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock worth $1,148,000 after acquiring an additional 7,912 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $8,818,000. Brevan Howard Capital Management LP acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $2,101,000.
Duality Advisers LP grew its position in Kinder Morgan by 42.7% in the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after acquiring an additional 94,984 shares in the last quarter.
Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Kinder Morgan by 221.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock valued at $4,615,000 after purchasing an additional 173,313 shares in the last quarter.
62.52% of the stock is currently owned by hedge funds and other institutional investors. Kinder Morgan Trading Down 1.
6 % Shares of NYSE KMI opened at $21.13 on Monday. 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 has a market cap of $46.90 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.
94 and a beta of 0.93. Kinder Morgan, Inc.
has a 52 week low of $15.89 and a 52 week high of $21.86.
The business has a 50 day simple moving average of $20.89 and a 200 day simple moving average of $19.46.
Kinder Morgan Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend.
This represents a $1.15 annualized dividend and a dividend yield of 5.44%.
The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.
Wall Street Analyst Weigh In A number of research firms recently issued reports on KMI. Truist Financial lifted their target price on Kinder Morgan from $20.00 to $22.
00 and gave the company a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price target on Kinder Morgan from $20.00 to $22.
00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 19th.
JPMorgan Chase & Co. upped their price target on Kinder Morgan from $20.00 to $23.
00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $18.00 to $22.
00 in a research note on Tuesday, June 4th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.
20. View Our Latest Analysis on KMI Insider Buying and Selling at Kinder Morgan In related news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st.
The stock was sold at an average price of $21.01, for a total value of $2,101,000.00.
Following the completion of the sale, the president now owns 916,773 shares in the company, valued at $19,261,400.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.
00. Following the completion of the sale, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
Also, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.
01, for a total value of $2,101,000.00. Following the transaction, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.
73. The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 148,311 shares of company stock valued at $3,121,891.
12.64% of the stock is currently owned by insiders. Kinder Morgan Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.
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