Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 168.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,983 shares of the pipeline company's stock after purchasing an additional 34,499 shares during the period. Balyasny Asset Management L.P.'s holdings in Kinder Morgan were worth $1,507,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KMI. Hurley Capital LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $25,000. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at $29,000. Finally, SRS Capital Advisors Inc. grew its position in Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 703 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on KMI. Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Mizuho boosted their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Finally, Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.79.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares of the company's stock, valued at $21,970,599.72. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,503,776 in the last ninety days. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.09 during mid-day trading on Friday, hitting $28.09. The stock had a trading volume of 12,398,816 shares, compared to its average volume of 13,983,542. Kinder Morgan, Inc. has a twelve month low of $18.83 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 cap of $62.41 billion, a PE ratio of 24.01, a PEG ratio of 3.08 and a beta of 0.74. The company has a 50 day moving average of $27.15 and a two-hundred day moving average of $27.28.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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 company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's payout ratio is presently 100.86%.

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.