Nice Lakes Advisors LLC bought a brand new stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) in the course of the second quarter, HoldingsChannel stories. The institutional investor bought 257,054 shares of the pipeline firm’s inventory, valued at roughly $5,108,000.
Different hedge funds have additionally modified their holdings of the corporate. Oregon Public Staff Retirement Fund grew its stake in shares of Kinder Morgan by 0.3% in the course of the 2nd quarter. Oregon Public Staff Retirement Fund now owns 165,827 shares of the pipeline firm’s inventory value $3,295,000 after buying an extra 530 shares within the final quarter. Premier Path Wealth Companions LLC grew its place in Kinder Morgan by 1.4% within the second quarter. Premier Path Wealth Companions LLC now owns 39,525 shares of the pipeline firm’s inventory valued at $785,000 after buying an extra 545 shares within the final quarter. Newman Dignan & Sheerar Inc. elevated its stake in Kinder Morgan by 4.3% within the 1st quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline firm’s inventory valued at $242,000 after shopping for an extra 547 shares over the past quarter. First Horizon Advisors Inc. lifted its place in Kinder Morgan by 4.4% in the course of the 2nd quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline firm’s inventory value $267,000 after shopping for an extra 566 shares within the final quarter. Lastly, Simplicity Wealth LLC boosted its stake in shares of Kinder Morgan by 2.2% in the course of the 2nd quarter. Simplicity Wealth LLC now owns 27,478 shares of the pipeline firm’s inventory value $546,000 after shopping for an extra 586 shares over the past quarter. 62.52% of the inventory is at present owned by institutional buyers.
Wall Road Analysts Forecast Progress
Various analysts just lately issued stories on the corporate. Truist Monetary lifted their goal worth on Kinder Morgan from $20.00 to $22.00 and gave the corporate a “maintain” score in a analysis report on Friday, July twenty sixth. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” score in a report on Thursday, Might thirtieth. UBS Group upped their worth goal on Kinder Morgan from $22.00 to $24.00 and gave the corporate a “purchase” score in a analysis observe on Wednesday, June twelfth. JPMorgan Chase & Co. boosted their goal worth on Kinder Morgan from $20.00 to $23.00 and gave the inventory a “impartial” score in a report on Thursday, July twenty fifth. Lastly, Barclays raised their worth goal on Kinder Morgan from $20.00 to $21.00 and gave the corporate an “equal weight” score in a report on Monday, July twenty ninth. Eight analysis analysts have rated the inventory with a maintain score, 5 have assigned a purchase score and one has assigned a robust purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, the inventory presently has a consensus score of “Average Purchase” and a consensus worth goal of $22.20.
View Our Newest Analysis Report on KMI
Insider Exercise
In associated information, VP Dax Sanders offered 1,729 shares of the inventory in a transaction that occurred on Tuesday, August thirteenth. The shares had been offered at a median worth of $21.00, for a complete transaction of $36,309.00. Following the sale, the vp now owns 307,409 shares within the firm, valued at roughly $6,455,589. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by means of this hyperlink. In different Kinder Morgan information, VP Dax Sanders offered 1,729 shares of the corporate’s inventory in a transaction that occurred on Tuesday, August thirteenth. The shares had been offered at a median worth of $21.00, for a complete worth of $36,309.00. Following the completion of the transaction, the vp now immediately owns 307,409 shares within the firm, valued at roughly $6,455,589. The sale was disclosed in a submitting with the SEC, which is accessible at this hyperlink. Additionally, President Thomas A. Martin offered 100,000 shares of the inventory in a transaction that occurred on Thursday, August 1st. The shares had been offered at a median worth of $21.01, for a complete transaction of $2,101,000.00. Following the sale, the president now immediately owns 916,773 shares of the corporate’s inventory, valued at roughly $19,261,400.73. The disclosure for this sale will be discovered right here. Within the final three months, insiders offered 148,311 shares of firm inventory value $3,121,891. 12.64% of the inventory is at present owned by firm insiders.
Kinder Morgan Inventory Down 1.6 %
KMI opened at $21.13 on Monday. The inventory has a fifty day transferring common of $20.89 and a 200-day transferring common of $19.46. The corporate has a market capitalization of $46.90 billion, a P/E ratio of 19.21, a P/E/G ratio of two.94 and a beta of 0.93. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week excessive of $21.86. The corporate has a debt-to-equity ratio of 0.90, a fast ratio of 0.28 and a present ratio of 0.37.
Kinder Morgan (NYSE:KMI – Get Free Report) final issued its quarterly earnings knowledge on Wednesday, July seventeenth. The pipeline firm reported $0.25 earnings per share for the quarter, lacking the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on fairness of seven.89% and a internet margin of 15.93%. The enterprise had income of $3.57 billion in the course of the quarter, in comparison with analyst estimates of $4.13 billion. Throughout the identical quarter final 12 months, the agency earned $0.24 EPS. Kinder Morgan’s income for the quarter was up 2.0% in comparison with the identical quarter final 12 months. On common, equities analysts count on that Kinder Morgan, Inc. will put up 1.19 EPS for the present 12 months.
Kinder Morgan Dividend Announcement
The enterprise additionally just lately disclosed a quarterly dividend, which was paid on Thursday, August fifteenth. Shareholders of file on Wednesday, July thirty first had been paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July thirty first. This represents a $1.15 dividend on an annualized foundation and a yield of 5.44%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.
Kinder Morgan Profile
Kinder Morgan, Inc operates as an vitality infrastructure firm primarily in North America. The corporate operates by means of Pure Gasoline Pipelines, Merchandise Pipelines, Terminals, and CO2 segments. The Pure Gasoline Pipelines section owns and operates interstate and intrastate pure fuel pipeline, and storage methods; pure fuel gathering methods and pure fuel processing and treating amenities; pure fuel liquids fractionation amenities and transportation methods; and liquefied pure fuel gasification, liquefaction, and storage amenities.
Advisable Tales
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