SIR Capital Management L.P. Decreases Position in Kinder Morgan, Inc. (NYSE:KMI)

SIR Capital Management L.P. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,709,197 shares of the pipeline company's stock after selling 458,710 shares during the period. Kinder Morgan accounts for 4.9% of SIR Capital Management L.P.'s investment portfolio, making the stock its 2nd largest holding. SIR Capital Management L.P. owned 0.08% of Kinder Morgan worth $46,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CX Institutional raised its position in shares of Kinder Morgan by 2.3% during the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock worth $429,000 after purchasing an additional 354 shares during the period. Diligent Investors LLC increased its position in Kinder Morgan by 1.5% in the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after buying an additional 381 shares during the period. Bristlecone Advisors LLC lifted its stake in Kinder Morgan by 2.6% in the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after buying an additional 400 shares during the last quarter. LRI Investments LLC increased its holdings in shares of Kinder Morgan by 9.6% in the 4th quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock worth $136,000 after acquiring an additional 435 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in Kinder Morgan by 0.5% during the 4th quarter. Apollon Wealth Management LLC now owns 86,430 shares of the pipeline company's stock valued at $2,368,000 after purchasing an additional 438 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMI. Scotiabank increased their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Mizuho boosted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.79.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. This trade represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,503,776 over the last three months. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Down 0.3%

Shares of KMI traded down $0.09 during trading hours on Monday, reaching $28.00. The company's stock had a trading volume of 7,840,873 shares, compared to its average volume of 13,966,508. 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 firm has a market cap of $62.22 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a 50 day moving average of $27.15 and a two-hundred day moving average of $27.32. Kinder Morgan, Inc. has a 1-year low of $18.83 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.2925 dividend. 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 4.18%. Kinder Morgan's dividend payout ratio is currently 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.