Donald L. Hagan LLC Has $1.30 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Donald L. Hagan LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,679 shares of the pipeline company’s stock after purchasing an additional 3,227 shares during the period. Donald L. Hagan LLC’s holdings in Kinder Morgan were worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the third quarter valued at approximately $28,000. Pathway Financial Advisers LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $30,000. HWG Holdings LP bought a new position in shares of Kinder Morgan in the 2nd quarter worth $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan during the second quarter worth $31,000. Finally, HM Payson & Co. increased its holdings in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value 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. The trade was 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. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the stock in a transaction on 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 sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 5.3 %

Shares of KMI stock traded up $1.30 on Wednesday, hitting $26.01. 6,200,508 shares of the stock were exchanged, compared to its average volume of 13,782,519. The business has a 50-day moving average of $22.97 and a 200 day moving average of $21.04. Kinder Morgan, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $26.06. The firm has a market capitalization of $57.78 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion for 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%. Kinder Morgan’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 4.42%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KMI shares. Barclays boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group boosted their price objective on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Scotiabank increased their target price on shares of 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 upped their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lifted their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.09.

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.