Mainstay Capital Management LLC ADV Has $305,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Mainstay Capital Management LLC ADV lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,807 shares of the pipeline company’s stock after selling 413 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Kinder Morgan were worth $305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Kinder Morgan during the third quarter worth about $28,000. HWG Holdings LP acquired a new stake in Kinder Morgan in the second quarter worth $30,000. ZRC Wealth Management LLC bought a new position in shares of Kinder Morgan during the third quarter worth $36,000. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan during the first quarter worth $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $31,000. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 817,040 shares of company stock worth $19,747,879 over the last ninety days. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Scotiabank lifted their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Truist Financial raised 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. UBS Group increased their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.91.

Kinder Morgan Stock Up 0.9 %

KMI opened at $24.99 on Friday. 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 fifty day moving average of $22.35 and a 200-day moving average of $20.61. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $25.43. The company has a market capitalization of $55.46 billion, a P/E ratio of 22.72, a P/E/G ratio of 3.27 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 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 business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities 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. Investors of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.60%. Kinder Morgan’s dividend payout ratio is 104.55%.

Kinder Morgan Company 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.