Hara Capital LLC Sells 7,954 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Hara Capital LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 32.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,290 shares of the pipeline company’s stock after selling 7,954 shares during the period. Hara Capital LLC’s holdings in Kinder Morgan were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in KMI. Vanguard Group Inc. increased its position in Kinder Morgan by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after buying an additional 27,254,172 shares during the period. Castle Hook Partners LP increased its position in Kinder Morgan by 108.2% during the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock worth $143,049,000 after acquiring an additional 4,053,793 shares during the period. Duquesne Family Office LLC raised its stake in Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock worth $134,185,000 after purchasing an additional 2,872,665 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Kinder Morgan by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock worth $204,319,000 after purchasing an additional 2,125,648 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after purchasing an additional 2,053,612 shares during the period. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Truist Financial increased their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Barclays boosted their price target on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Eight 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.09.

Kinder Morgan Price Performance

KMI stock remained flat at $26.35 during midday trading on Thursday. The company had a trading volume of 2,484,921 shares, compared to its average volume of 13,827,817. The firm has a 50 day moving average of $23.07 and a two-hundred day moving average of $21.08. Kinder Morgan, Inc. has a twelve month low of $16.17 and a twelve month high of $26.58. The company has a market cap of $58.54 billion, a PE ratio of 23.11, a PEG ratio of 3.05 and a beta of 0.91. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted 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). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction 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 owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 0.00 % 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 this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was 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 $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is owned by insiders.

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.