XTX Topco Ltd Purchases 76,102 Shares of Kinder Morgan, Inc. (NYSE:KMI)

XTX Topco Ltd increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 119.7% during the fourth quarter, HoldingsChannel reports. The fund owned 139,678 shares of the pipeline company’s stock after buying an additional 76,102 shares during the quarter. Kinder Morgan comprises about 0.3% of XTX Topco Ltd’s portfolio, making the stock its 25th largest holding. XTX Topco Ltd’s holdings in Kinder Morgan were worth $3,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KMI. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth about $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the 4th quarter valued at approximately $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth $29,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $26.43 on Monday. The company has a market cap of $58.73 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48. The business has a 50 day moving average price of $26.95 and a 200-day moving average price of $26.80.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,461 shares of company stock worth $3,506,116. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on KMI shares. Citigroup lifted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Truist Financial raised their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. UBS Group upped their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Morgan Stanley lifted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.64.

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.