&Partners Takes $305,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

&Partners acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the first quarter, Holdings Channel reports. The fund acquired 16,645 shares of the pipeline company’s stock, valued at approximately $305,000.

Other hedge funds also recently bought and sold shares of the company. Sanders Morris Harris LLC lifted its stake in shares of Kinder Morgan by 74.2% during the 1st quarter. Sanders Morris Harris LLC now owns 61,120 shares of the pipeline company’s stock worth $1,121,000 after purchasing an additional 26,027 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its holdings in Kinder Morgan by 2.5% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 41,517 shares of the pipeline company’s stock worth $761,000 after purchasing an additional 1,000 shares in the last quarter. Nexus Investment Management ULC purchased a new stake in shares of Kinder Morgan during the first quarter valued at about $587,000. Park Avenue Securities LLC boosted its holdings in shares of Kinder Morgan by 5.5% in the 1st quarter. Park Avenue Securities LLC now owns 46,023 shares of the pipeline company’s stock valued at $844,000 after buying an additional 2,379 shares in the last quarter. Finally, American National Bank raised its stake in shares of Kinder Morgan by 63.4% during the 1st quarter. American National Bank now owns 7,964 shares of the pipeline company’s stock worth $146,000 after acquiring an additional 3,090 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.5 %

Kinder Morgan stock opened at $19.71 on Monday. The stock has a 50-day moving average price of $19.14 and a 200 day moving average price of $18.15. The company has a market capitalization of $43.74 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 3.13 and a beta of 0.92. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $20.07. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.2875 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 5.83%. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KMI shares. Truist Financial restated a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, UBS Group increased their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Insider Activity

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

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.