Symmetry Investments LP Buys Shares of 129,282 Kinder Morgan, Inc. (NYSE:KMI)

Symmetry Investments LP purchased a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 129,282 shares of the pipeline company's stock, valued at approximately $3,542,000.

A number of other large investors have also added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $25,000. Hurley Capital LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated 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 directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated 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 sale, the vice president now owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock worth $3,506,116. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.02 during trading hours on Friday, reaching $26.85. The stock had a trading volume of 9,264,214 shares, compared to its average volume of 13,947,768. Kinder Morgan, Inc. has a 52-week low of $18.13 and a 52-week high of $31.48. The stock has a fifty day moving average of $26.94 and a 200 day moving average of $27.04. 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 stock has a market cap of $59.66 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share 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 4.36%. 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%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research reports. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Truist Financial increased their target price 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 boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Finally, Mizuho lifted their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $29.64.

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.