Beck Capital Management LLC Invests $408,000 in Kinder Morgan, Inc. (NYSE:KMI)

Beck Capital Management LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,880 shares of the pipeline company's stock, valued at approximately $408,000.

Several other hedge funds also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan during the 4th quarter worth $25,000. Hurley Capital LLC acquired a new stake in Kinder Morgan in the fourth quarter worth $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In related news, 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 approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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. Insiders have sold a total of 129,461 shares of company stock worth $3,506,116 over the last 90 days. Insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KMI shares. Truist Financial lifted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Citigroup boosted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley raised their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven 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 stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and an average price target of $29.64.

Kinder Morgan Stock Down 0.1 %

Shares of KMI stock traded down $0.02 during trading on Friday, hitting $26.85. 9,264,214 shares of the company were exchanged, compared to its average volume of 13,947,768. Kinder Morgan, Inc. has a twelve month low of $18.13 and a twelve month high of $31.48. 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 has a market capitalization of $59.66 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 3.08 and a beta of 0.72. The business's 50-day simple moving average is $26.94 and its 200 day simple moving average is $27.04.

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

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is 100.86%.

Kinder Morgan Company 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.