Kinder Morgan, Inc. (NYSE:KMI) Holdings Lifted by Fractal Investments LLC

Fractal Investments LLC raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 87.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,150,468 shares of the pipeline company’s stock after buying an additional 536,000 shares during the quarter. Kinder Morgan comprises approximately 4.8% of Fractal Investments LLC’s holdings, making the stock its 6th largest position. Fractal Investments LLC’s holdings in Kinder Morgan were worth $31,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $29,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at $28,000. Finally, Planning Capital Management Corp raised its position in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on KMI. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. UBS Group boosted their price objective 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. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Trading Up 0.5 %

NYSE KMI opened at $27.64 on Thursday. The firm has a market capitalization of $61.41 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $31.48. The company has a 50-day simple moving average of $27.94 and a 200-day simple moving average of $24.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.16%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.81% of the company’s stock.

Kinder Morgan 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.