20,003 Shares in Kinder Morgan, Inc. (NYSE:KMI) Bought by Balboa Wealth Partners

Balboa Wealth Partners bought a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 20,003 shares of the pipeline company's stock, valued at approximately $548,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMI. Raymond James Financial Inc. acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $157,804,000. Amundi increased its stake in Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after buying an additional 2,650,040 shares during the last quarter. Barclays PLC lifted its position in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Fisher Funds Management LTD bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $62,534,000. Finally, National Bank of Canada FI lifted its position in shares of Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock worth $64,879,000 after buying an additional 2,194,489 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analyst Weigh In

KMI has been the topic of several recent analyst reports. Truist Financial lifted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Finally, Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Seven investment 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

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Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.28 during mid-day trading on Tuesday, reaching $27.51. The company's stock had a trading volume of 12,056,404 shares, compared to its average volume of 15,037,841. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The company has a market capitalization of $61.13 billion, a P/E ratio of 23.52, a PEG ratio of 3.08 and a beta of 0.94. 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 firm's fifty day moving average price is $27.59 and its two-hundred day moving average price is $25.98.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.18%. Kinder Morgan's dividend payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business's 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 completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company's stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,490,996. Corporate insiders own 12.64% of the company's stock.

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.