XTX Topco Ltd Acquires Shares of 63,576 Kinder Morgan, Inc. (NYSE:KMI)

XTX Topco Ltd bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 63,576 shares of the pipeline company's stock, valued at approximately $1,404,000.

Other hedge funds also recently bought and sold shares of the company. SignalPoint Asset Management LLC increased its position in Kinder Morgan by 1.5% during the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company's stock worth $655,000 after purchasing an additional 447 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Kinder Morgan by 0.3% during the third quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company's stock worth $3,193,000 after buying an additional 468 shares in the last quarter. Trust Co. of Oklahoma raised its position in shares of Kinder Morgan by 1.5% in the third quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company's stock valued at $742,000 after buying an additional 486 shares during the last quarter. Pinnacle West Asset Management Inc. lifted its stake in shares of Kinder Morgan by 0.5% during the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company's stock valued at $2,124,000 after buying an additional 500 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position in Kinder Morgan by 1.0% during the third quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company's stock worth $1,221,000 after acquiring an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KMI. The Goldman Sachs Group boosted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Wells Fargo & Company increased their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a "buy" rating and a $27.00 price objective for the company. Truist Financial raised their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Finally, Barclays upped their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $25.75.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 727,263 shares of company stock valued at $18,075,634. Corporate insiders own 12.81% of the company's stock.

Kinder Morgan Stock Down 2.4 %

Kinder Morgan stock traded down $0.67 during trading on Monday, reaching $27.10. 12,134,383 shares of the company's stock were exchanged, compared to its average volume of 13,805,750. The company's 50-day moving average is $25.87 and its two-hundred day moving average is $22.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.81. The firm has a market cap of $60.21 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 4.00 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan's quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. On average, analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. Kinder Morgan's dividend payout ratio (DPR) is presently 100.88%.

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.