Kinder Morgan, Inc. (NYSE:KMI) Stock Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 30.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,007,857 shares of the pipeline company’s stock after buying an additional 932,469 shares during the period. Assenagon Asset Management S.A.’s holdings in Kinder Morgan were worth $88,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KMI. Vanguard Group Inc. grew its position in shares of Kinder Morgan by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after buying an additional 27,254,172 shares during the last quarter. Castle Hook Partners LP boosted its stake in Kinder Morgan by 108.2% during the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after purchasing an additional 4,053,793 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in Kinder Morgan by 45.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after purchasing an additional 3,135,457 shares during the period. Duquesne Family Office LLC boosted its stake in Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in Kinder Morgan by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after purchasing an additional 2,125,648 shares during the period. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of a number of analyst reports. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Truist Financial upped their price target 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. Barclays upped their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.91.

Insider Buying and Selling at Kinder Morgan

In other news, VP Sital K. Mody sold 25,169 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total transaction of $529,555.76. The sale was disclosed in a filing with the SEC, which is available at this link. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the president now owns 916,773 shares in the company, valued at $19,261,400.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sital K. Mody sold 25,169 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total transaction of $529,555.76. The disclosure for this sale can be found here. Insiders have sold a total of 817,040 shares of company stock valued at $19,747,879 in the last three months. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Trading Up 1.0 %

Shares of Kinder Morgan stock traded up $0.24 on Thursday, reaching $25.01. 6,087,561 shares of the company were exchanged, compared to its average volume of 13,778,031. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $25.43. The firm has a market capitalization of $55.51 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average price of $22.35 and a 200-day moving average price of $20.61.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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 return on equity of 7.89% and a net margin of 15.93%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is 104.55%.

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.