Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 168.4% in the 4th quarter, Holdings Channel reports. The fund owned 54,983 shares of the pipeline company’s stock after purchasing an additional 34,499 shares during the period. Balyasny Asset Management L.P.’s holdings in Kinder Morgan were worth $1,507,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Norges Bank purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $917,523,000. Raymond James Financial Inc. purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $157,804,000. Artisan Partners Limited Partnership purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $87,729,000. Amundi grew its stake in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after buying an additional 2,650,040 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in shares of Kinder Morgan by 223.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company’s stock valued at $94,968,000 after buying an additional 2,395,930 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on KMI shares. Mizuho boosted their price objective 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. Royal Bank of Canada boosted 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 note on Tuesday, April 29th. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Finally, Truist Financial lifted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Seven 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. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $29.79.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.51 on Wednesday. Kinder Morgan, Inc. has a 12 month low of $18.83 and a 12 month 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 firm has a market capitalization of $61.13 billion, a P/E ratio of 23.51, a P/E/G ratio of 3.08 and a beta of 0.74. The company’s fifty day moving average price is $27.05 and its two-hundred day moving average price is $27.23.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.25%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is currently 100.86%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the sale, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. This represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,503,776 in the last quarter. 12.73% of the stock is owned by corporate insiders.

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.