Atlantic Union Bankshares Corp Has $905,000 Stock Position in Kinder Morgan, Inc. $KMI

Atlantic Union Bankshares Corp increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 220.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 31,966 shares of the pipeline company’s stock after purchasing an additional 21,997 shares during the period. Atlantic Union Bankshares Corp’s holdings in Kinder Morgan were worth $905,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. Guerra Advisors Inc bought a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $118,000. Strategy Asset Managers LLC lifted its holdings in Kinder Morgan by 1.8% during the 3rd quarter. Strategy Asset Managers LLC now owns 321,787 shares of the pipeline company’s stock valued at $9,110,000 after purchasing an additional 5,724 shares during the last quarter. State of Wyoming bought a new position in Kinder Morgan during the third quarter worth $136,000. Jones Financial Companies Lllp increased its holdings in shares of Kinder Morgan by 11.1% in the third quarter. Jones Financial Companies Lllp now owns 304,936 shares of the pipeline company’s stock valued at $8,602,000 after purchasing an additional 30,460 shares during the last quarter. Finally, A4 Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the third quarter valued at about $290,000. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on KMI shares. Royal Bank Of Canada lifted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Mizuho reduced their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Stifel Nicolaus increased their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Jefferies Financial Group boosted their price target on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $32.38.

Kinder Morgan Trading Down 0.9%

Shares of NYSE:KMI opened at $30.05 on Thursday. The business’s 50 day simple moving average is $27.77 and its 200 day simple moving average is $27.34. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $30.57. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. The company has a market capitalization of $66.85 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.49 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Insider Buying and Selling at Kinder Morgan

In related news, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This trade represents a 12.54% 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 John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the sale, the vice president owned 201,204 shares of the company’s stock, valued at $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,498 shares of company stock valued at $1,107,462 in the last ninety days. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.