31,786 Shares in Kinder Morgan, Inc. (NYSE:KMI) Purchased by Syon Capital LLC

Syon Capital LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,786 shares of the pipeline company's stock, valued at approximately $871,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Kinder Morgan in the fourth quarter worth approximately $917,523,000. Raymond James Financial Inc. bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $157,804,000. Artisan Partners Limited Partnership purchased a new stake in Kinder Morgan in the fourth quarter worth about $87,729,000. Amundi grew its holdings in Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after acquiring an additional 2,650,040 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its position in Kinder Morgan by 223.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company's stock valued at $94,968,000 after purchasing an additional 2,395,930 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on KMI. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Mizuho boosted their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley increased their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares of the company's stock, valued at $21,970,599.72. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,461 shares of company stock worth $3,506,116. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 0.2 %

Kinder Morgan stock opened at $26.65 on Thursday. Kinder Morgan, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $31.48. The company has a market cap of $59.22 billion, a PE ratio of 22.78, a PEG ratio of 3.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The business's 50-day simple moving average is $26.94 and its two-hundred day simple moving average is $26.97.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.39%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

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.

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