Thompson Siegel & Walmsley LLC Has $89.38 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Thompson Siegel & Walmsley LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,046,177 shares of the pipeline company’s stock after selling 396,125 shares during the period. Kinder Morgan comprises 1.3% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 13th largest holding. Thompson Siegel & Walmsley LLC’s holdings in Kinder Morgan were worth $89,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KMI. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter worth $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan during the 1st quarter valued at approximately $30,000. HWG Holdings LP acquired a new position in Kinder Morgan during the 2nd quarter worth approximately $30,000. Planning Capital Management Corp lifted its stake 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 valued at $30,000 after purchasing an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Kinder Morgan in the second quarter valued at approximately $31,000. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KMI. Wells Fargo & Company boosted their price objective on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Truist Financial boosted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.36.

Kinder Morgan Stock Down 0.3 %

KMI opened at $28.00 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The business’s fifty day simple moving average is $24.26 and its 200 day simple moving average is $21.68. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.27. The stock has a market cap of $62.21 billion, a PE ratio of 24.56, a P/E/G ratio of 3.86 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.11%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insider Buying and Selling

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