Sei Investments Co. Purchases 102,447 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Sei Investments Co. boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 14.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 803,815 shares of the pipeline company’s stock after acquiring an additional 102,447 shares during the period. Sei Investments Co.’s holdings in Kinder Morgan were worth $15,973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KMI. AE Wealth Management LLC increased its holdings in shares of Kinder Morgan by 9.3% in the second quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock worth $932,000 after purchasing an additional 4,003 shares during the period. King Luther Capital Management Corp increased its stake in Kinder Morgan by 3.7% in the 2nd quarter. King Luther Capital Management Corp now owns 2,706,450 shares of the pipeline company’s stock worth $53,777,000 after acquiring an additional 95,728 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Kinder Morgan by 147.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock valued at $7,011,000 after acquiring an additional 210,341 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Kinder Morgan by 3.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 15,967 shares of the pipeline company’s stock valued at $317,000 after acquiring an additional 571 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Kinder Morgan by 21.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 219,744 shares of the pipeline company’s stock worth $4,366,000 after purchasing an additional 38,975 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $21.68 on Friday. The stock has a market capitalization of $48.12 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $22.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The business’s 50 day simple moving average is $21.27 and its two-hundred day simple moving average is $19.82.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the previous year, the company earned $0.24 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts forecast 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 was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.30%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Insider Buying and Selling at Kinder Morgan

In other news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock valued at $3,121,891 in the last 90 days. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on KMI. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Truist Financial raised their price target on Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. UBS Group upped their price objective on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.55.

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.