GAMMA Investing LLC Has $28.64 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

GAMMA Investing LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3,019.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,003,857 shares of the pipeline company's stock after purchasing an additional 971,674 shares during the quarter. GAMMA Investing LLC's holdings in Kinder Morgan were worth $28,640,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $308,000. Catalina Capital Group LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $203,000. Jennison Associates LLC boosted its holdings in shares of Kinder Morgan by 847.4% during the fourth quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company's stock worth $40,420,000 after acquiring an additional 1,319,474 shares during the period. Trust Point Inc. acquired a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $243,000. Finally, abrdn plc increased its stake in shares of Kinder Morgan by 4.1% during the fourth quarter. abrdn plc now owns 1,733,417 shares of the pipeline company's stock worth $47,539,000 after purchasing an additional 67,795 shares during the period. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction 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 sale, the president now owns 789,652 shares of the company's stock, valued at $21,770,705.64. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 54,000 shares of company stock valued at $1,522,440. 12.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KMI shares. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. Scotiabank boosted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday. Finally, Royal Bank of Canada increased their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.21.

Kinder Morgan Price Performance

NYSE KMI traded down $0.09 on Friday, hitting $28.15. 11,891,712 shares of the company's stock were exchanged, compared to its average volume of 13,965,478. The stock has a 50-day moving average of $27.18 and a 200-day moving average of $27.46. The stock has a market cap of $62.55 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 52 week low of $19.47 and a 52 week high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business 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%. Analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 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.