319,481 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Covalis Capital LLP

Covalis Capital LLP purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 319,481 shares of the pipeline company's stock, valued at approximately $8,754,000. Kinder Morgan accounts for approximately 1.3% of Covalis Capital LLP's portfolio, making the stock its 29th biggest holding.

A number of other institutional investors have also recently bought and sold shares of KMI. Barclays PLC increased its stake in shares of Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. World Investment Advisors LLC purchased a new position in Kinder Morgan during the 3rd quarter valued at about $826,000. Wilmington Savings Fund Society FSB purchased a new position in Kinder Morgan during the third quarter valued at approximately $386,000. Blankinship & Foster LLC increased its holdings in Kinder Morgan by 128.4% during the 3rd quarter. Blankinship & Foster LLC now owns 46,900 shares of the pipeline company's stock worth $1,036,000 after acquiring an additional 26,363 shares during the period. Finally, Synovus Financial Corp boosted its holdings in Kinder Morgan by 1.7% in the 3rd quarter. Synovus Financial Corp now owns 103,618 shares of the pipeline company's stock valued at $2,289,000 after purchasing an additional 1,769 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction on 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 transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, 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 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 Trading Up 0.5 %

KMI stock traded up $0.14 during trading on Wednesday, reaching $26.74. The company had a trading volume of 6,583,965 shares, compared to its average volume of 13,913,905. The company has a market cap of $59.42 billion, a P/E ratio of 22.85, a PEG 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. The business has a 50 day moving average of $26.94 and a 200 day moving average of $26.97. Kinder Morgan, Inc. has a 52 week low of $18.13 and a 52 week high of $31.48.

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. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, sell-side analysts forecast 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. Stockholders 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 dividend yield of 4.38%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group upped their price objective 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. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and an average target price of $29.64.

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.