BTG Pactual Asset Management US LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

BTG Pactual Asset Management US LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 68,734 shares of the pipeline company's stock, valued at approximately $1,883,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMI. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the 4th quarter worth about $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $29,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Up 0.5 %

Kinder Morgan stock traded up $0.14 during mid-day trading on Friday, reaching $27.09. 22,873,718 shares of the company traded hands, compared to its average volume of 14,008,772. The firm's 50 day moving average price is $26.94 and its 200 day moving average price is $26.88. The firm has a market capitalization of $60.19 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 3.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 52-week low of $17.95 and a 52-week high of $31.48.

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

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.32%. Kinder Morgan's dividend payout ratio (DPR) is currently 99.14%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KMI. Royal Bank of Canada upped 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. Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price for the company. 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares of the company's stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,506,116 in the last 90 days. Insiders own 12.73% of the company's stock.

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.