Metis Global Partners LLC Has $3.76 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Metis Global Partners LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,984 shares of the pipeline company’s stock after selling 22,211 shares during the period. Metis Global Partners LLC’s holdings in Kinder Morgan were worth $3,755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at about $28,000. Pathway Financial Advisers LLC bought a new stake in Kinder Morgan during the 1st quarter valued at approximately $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan in the 2nd quarter valued at approximately $30,000. Planning Capital Management Corp increased its position in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan during the second quarter worth approximately $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KMI shares. UBS Group raised their price objective on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays raised their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Truist Financial lifted their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.09.

Kinder Morgan Trading Down 0.1 %

Shares of Kinder Morgan stock opened at $26.77 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The business has a fifty day simple moving average of $23.61 and a two-hundred day simple moving average of $21.36. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $27.58. The company has a market capitalization of $59.46 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 3.69 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results 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). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. Research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by company insiders.

About Kinder Morgan

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.