Syon Capital LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Syon Capital LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,786 shares of the pipeline company’s stock, valued at approximately $871,000.

Several other institutional investors also recently bought and sold shares of the company. Beck Capital Management LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $408,000. Symmetry Investments LP acquired a new stake in Kinder Morgan during the 4th quarter worth $3,542,000. Brasada Capital Management LP grew its holdings in shares of Kinder Morgan by 62.5% during the fourth quarter. Brasada Capital Management LP now owns 32,500 shares of the pipeline company’s stock worth $890,000 after buying an additional 12,500 shares in the last quarter. MGO One Seven LLC lifted its stake in shares of Kinder Morgan by 277.5% in the fourth quarter. MGO One Seven LLC now owns 74,151 shares of the pipeline company’s stock worth $2,032,000 after buying an additional 54,506 shares in the last quarter. Finally, Quantessence Capital LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $1,976,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KMI. Citigroup upped their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Scotiabank raised their price target on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday. Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Truist Financial lifted their price objective 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the 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 owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the sale, the president now owns 807,652 shares in the company, valued at $23,219,995. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,506,116 over the last ninety days. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $26.65 on Thursday. The company has a market capitalization of $59.22 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $31.48. The firm has a 50-day simple moving average of $26.94 and a 200-day simple moving average of $26.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

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

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.39%. Kinder Morgan’s payout ratio is presently 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.