Havemeyer Place LP bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,604 shares of the pipeline company’s stock, valued at approximately $594,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $27,000. Dorato Capital Management bought a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $30,000. Basepoint Wealth LLC acquired a new stake in Kinder Morgan in the 4th quarter worth approximately $30,000. Strategic Advocates LLC bought a new stake in Kinder Morgan during the third quarter worth approximately $32,000. Finally, Torren Management LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 62.52% of the company’s stock.
Kinder Morgan Price Performance
Shares of Kinder Morgan stock opened at $31.29 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The company has a market cap of $69.61 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.64 and a beta of 0.54. The firm has a fifty day moving average price of $32.43 and a two-hundred day moving average price of $30.64. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81.
Kinder Morgan Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.2975 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan’s payout ratio is currently 79.87%.
Key Kinder Morgan News
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: KMI was highlighted as one of the top energy dividend stocks for income investors, reinforcing its appeal as a dependable yield play in a volatile oil market. Want Income? Buy These 3 Top Energy Dividend Stocks Now
- Positive Sentiment: Analysts still rate Kinder Morgan a “Moderate Buy” on average, suggesting Wall Street remains broadly constructive on the stock’s longer-term outlook. Kinder Morgan, Inc. (NYSE:KMI) Receives Average Recommendation of “Moderate Buy” from Analysts
- Neutral Sentiment: KMI drew elevated investor attention on Zacks as one of the most searched stocks, which can signal growing interest but does not by itself change fundamentals. Investors Heavily Search Kinder Morgan, Inc. (KMI): Here is What You Need to Know
- Neutral Sentiment: Reports say the company is underperforming the broader energy sector, while analysts remain somewhat optimistic, pointing to a mixed near-term setup rather than a clear catalyst. Kinder Morgan Stock: Is KMI Underperforming the Energy Sector?
- Negative Sentiment: Recent commentary on Kinder Morgan’s narrative showed mixed analyst target changes, including at least one lowered price target, which may have weighed on sentiment. How The Kinder Morgan (KMI) Narrative Is Evolving With Mixed Analyst Targets And New Projects
- Negative Sentiment: The stock also declined in the latest session, reflecting some profit-taking or broader market rotation despite the company’s income-stock appeal. Kinder Morgan (KMI) Stock Falls Amid Market Uptick: What Investors Need to Know
Insider Buying and Selling
In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the sale, the vice president directly owned 170,374 shares in the company, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the transaction, the vice president owned 43,293 shares of the company’s stock, valued at $1,456,809.45. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,148 shares of company stock valued at $752,089 in the last quarter. Corporate insiders own 12.72% of the company’s stock.
Analyst Ratings Changes
KMI has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Citigroup raised their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, March 13th. Finally, Truist Financial assumed coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.
Read Our Latest Stock Analysis on Kinder Morgan
About Kinder Morgan
Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.
Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.
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