NewEdge Advisors LLC Has $5.78 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

NewEdge Advisors LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 30.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 291,085 shares of the pipeline company’s stock after buying an additional 68,308 shares during the quarter. NewEdge Advisors LLC’s holdings in Kinder Morgan were worth $5,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. SCP Investment LP bought a new stake in Kinder Morgan in the fourth quarter worth approximately $413,000. TD Asset Management Inc boosted its holdings in Kinder Morgan by 5.8% in the fourth quarter. TD Asset Management Inc now owns 712,249 shares of the pipeline company’s stock worth $12,564,000 after purchasing an additional 39,208 shares in the last quarter. Scotia Capital Inc. increased its position in Kinder Morgan by 328.0% during the fourth quarter. Scotia Capital Inc. now owns 68,283 shares of the pipeline company’s stock worth $1,204,000 after buying an additional 52,328 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Kinder Morgan by 43.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,157,805 shares of the pipeline company’s stock valued at $73,344,000 after buying an additional 1,262,484 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its position in shares of Kinder Morgan by 36.2% in the fourth quarter. NEOS Investment Management LLC now owns 27,461 shares of the pipeline company’s stock worth $484,000 after buying an additional 7,301 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock valued at $3,121,891 over the last quarter. 12.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMI. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Truist Financial lifted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Barclays lifted their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Finally, Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and an average target price of $22.55.

Kinder Morgan Trading Up 2.3 %

Kinder Morgan stock opened at $22.59 on Wednesday. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $22.63. The stock has a market cap of $50.14 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. The business has a 50 day moving average price of $21.31 and a two-hundred day moving average price of $19.95. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period last year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.09%. Kinder Morgan’s dividend payout ratio (DPR) is currently 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.