Castle Hook Partners LP raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,953,656 shares of the pipeline company's stock after buying an additional 341,749 shares during the quarter. Kinder Morgan accounts for 2.7% of Castle Hook Partners LP's portfolio, making the stock its 8th largest position. Castle Hook Partners LP owned about 0.36% of Kinder Morgan worth $217,930,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Xponance Inc. grew its position in Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after purchasing an additional 15,114 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after buying an additional 71,984 shares in the last quarter. Golden State Equity Partners grew its holdings in shares of Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after buying an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in Kinder Morgan by 2.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after acquiring an additional 44,474 shares in the last quarter. Finally, Barclays PLC boosted its position in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value 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. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the sale, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,461 shares of company stock valued at $3,503,776. 12.73% of the stock is owned by company insiders.
Kinder Morgan Stock Performance
Shares of NYSE KMI traded down $0.58 during trading hours on Thursday, hitting $27.05. 14,763,939 shares of the stock were exchanged, compared to its average volume of 13,973,383. The firm has a market capitalization of $60.10 billion, a P/E ratio of 23.12, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a one year low of $18.81 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company's 50 day moving average is $27.01 and its 200 day moving average is $27.16.
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 (EPS) for the quarter, meeting the consensus estimate 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. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.
Kinder Morgan Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.33%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan's dividend payout ratio is currently 100.86%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on KMI. Truist Financial upped their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. 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. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a report on Monday. UBS Group increased their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Mizuho boosted their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. 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 stock. According to data from MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $29.79.
Read Our Latest Analysis on KMI
About Kinder Morgan
(
Free Report)
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.
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