PDT Partners LLC Acquires New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

PDT Partners LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, HoldingsChannel reports. The firm bought 129,500 shares of the pipeline company’s stock, valued at approximately $2,861,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Captrust Financial Advisors raised its position in shares of Kinder Morgan by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 322,093 shares of the pipeline company’s stock worth $7,115,000 after purchasing an additional 3,779 shares during the last quarter. Icon Wealth Advisors LLC increased its position in Kinder Morgan by 12.8% during the third quarter. Icon Wealth Advisors LLC now owns 292,779 shares of the pipeline company’s stock worth $6,467,000 after buying an additional 33,255 shares in the last quarter. Infrastructure Capital Advisors LLC raised its holdings in shares of Kinder Morgan by 36.7% in the third quarter. Infrastructure Capital Advisors LLC now owns 325,817 shares of the pipeline company’s stock worth $7,197,000 after acquiring an additional 87,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kinder Morgan by 68.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,746,558 shares of the pipeline company’s stock valued at $38,581,000 after acquiring an additional 710,840 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in shares of Kinder Morgan by 35.1% during the third quarter. CreativeOne Wealth LLC now owns 109,321 shares of the pipeline company’s stock valued at $2,415,000 after acquiring an additional 28,388 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KMI. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. 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. Finally, UBS Group increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

Kinder Morgan Trading Up 0.7 %

Shares of KMI opened at $28.27 on Friday. The stock’s fifty day simple moving average is $25.20 and its 200 day simple moving average is $22.11. The firm has a market capitalization of $62.81 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 4.04 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.81.

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

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.07%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction that occurred on 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 directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.64% of the stock is owned by insiders.

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.