Cary Street Partners Financial LLC Purchases Shares of 80,113 Kinder Morgan, Inc. (NYSE:KMI)

Cary Street Partners Financial LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 80,113 shares of the pipeline company's stock, valued at approximately $2,195,000.

Several other hedge funds also recently bought and sold shares of KMI. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Hurley Capital LLC purchased a new position in Kinder Morgan in the fourth quarter worth $25,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $29,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

KMI has been the topic of several recent research reports. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Scotiabank raised their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.79.

Kinder Morgan Stock Down 0.8%

Shares of NYSE KMI traded down $0.23 on Monday, reaching $27.08. 4,418,887 shares of the company's stock traded hands, compared to its average volume of 14,747,103. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The business's 50 day simple moving average is $27.02 and its two-hundred day simple moving average is $27.21. Kinder Morgan, Inc. has a 12 month low of $18.83 and a 12 month high of $31.48. The company has a market cap of $60.18 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The firm 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, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.2925 dividend. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan's payout ratio is presently 100.86%.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the sale, the president now owns 789,652 shares in the company, valued at $21,770,705.64. This represents a 2.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock valued at $3,503,776. Corporate insiders own 12.73% of the company's stock.

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.