Syon Capital LLC Takes $871,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Syon Capital LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,786 shares of the pipeline company's stock, valued at approximately $871,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hurley Capital LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at $25,000. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $29,000. Institutional investors own 62.52% of the company's stock.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 75,461 shares of the business'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 completion of the transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred 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 completion of the sale, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,506,116 in the last three months. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.00 during midday trading on Monday, reaching $26.85. 3,744,136 shares of the company's stock traded hands, compared to its average volume of 13,908,305. 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 company has a market cap of $59.66 billion, a P/E ratio of 22.94, a PEG ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 1 year low of $18.13 and a 1 year high of $31.48. The company has a fifty day simple moving average of $26.94 and a two-hundred day simple moving average of $27.06.

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

Kinder Morgan Increases Dividend

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

Analyst Ratings Changes

KMI has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Truist Financial increased their price target 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. Finally, Citigroup raised their target price 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. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target 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.