Wexford Capital LP Takes $515,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Wexford Capital LP acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,781 shares of the pipeline company's stock, valued at approximately $515,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. Centricity Wealth Management LLC bought a new position in Kinder Morgan in the fourth quarter worth approximately $25,000. Hurley Capital LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $27,000. Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $29,000. Finally, SRS Capital Advisors Inc. raised 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 period. Institutional investors own 62.52% of the company's stock.

Insider Activity

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 value of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 54,000 shares of company stock worth $1,492,740. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Down 0.5%

Shares of KMI stock traded down $0.13 during trading hours on Thursday, reaching $27.34. 10,491,835 shares of the stock were exchanged, compared to its average volume of 13,959,233. Kinder Morgan, Inc. has a 12-month low of $18.83 and a 12-month high of $31.48. The company's 50-day moving average price is $27.22 and its 200-day moving average price is $27.35. The firm has a market capitalization of $60.76 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. 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, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMI. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Mizuho raised their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial raised their target price on shares of 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 raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Seven research 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 MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $29.79.

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.