Man Group plc Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Man Group plc lifted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 132.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 387,457 shares of the pipeline company's stock after acquiring an additional 220,870 shares during the period. Man Group plc's holdings in Kinder Morgan were worth $10,616,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KMI. Centricity Wealth Management LLC purchased a new position in Kinder Morgan during the 4th quarter worth $25,000. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $25,000. Morse Asset Management Inc acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, SRS Capital Advisors Inc. boosted its stake in Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after purchasing an additional 703 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.13 during trading hours on Thursday, reaching $27.34. The stock had a trading volume of 10,491,835 shares, compared to its average volume of 13,947,921. Kinder Morgan, Inc. has a twelve month low of $18.83 and a twelve month 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. The firm has a market capitalization of $60.76 billion, a PE ratio of 23.37, a PEG ratio of 3.08 and a beta of 0.74. The stock's 50 day moving average is $27.22 and its 200 day moving average is $27.35.

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

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.28%. Kinder Morgan's dividend payout ratio is currently 100.86%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 54,000 shares of company stock valued at $1,492,740 over the last ninety days. Corporate insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research analyst reports. UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Royal Bank of Canada increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Citigroup raised their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, Truist Financial upped their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.79.

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.