Hexagon Capital Partners LLC Has $423,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Hexagon Capital Partners LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 5.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,054 shares of the pipeline company’s stock after selling 1,407 shares during the period. Hexagon Capital Partners LLC’s holdings in Kinder Morgan were worth $423,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC lifted its position in Kinder Morgan by 890.7% during the third quarter. Acadian Asset Management LLC now owns 47,295 shares of the pipeline company’s stock worth $784,000 after purchasing an additional 42,521 shares during the period. Federated Hermes Inc. lifted its position in Kinder Morgan by 741.4% during the third quarter. Federated Hermes Inc. now owns 76,395 shares of the pipeline company’s stock worth $1,267,000 after purchasing an additional 67,315 shares during the period. Natixis Advisors L.P. lifted its position in Kinder Morgan by 4.9% during the third quarter. Natixis Advisors L.P. now owns 327,552 shares of the pipeline company’s stock worth $5,431,000 after purchasing an additional 15,202 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Kinder Morgan by 25.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 103,110 shares of the pipeline company’s stock worth $1,710,000 after purchasing an additional 20,747 shares during the period. Finally, Synovus Financial Corp lifted its position in Kinder Morgan by 7.2% during the third quarter. Synovus Financial Corp now owns 102,662 shares of the pipeline company’s stock worth $1,702,000 after purchasing an additional 6,899 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMI has been the subject of a number of research reports. Truist Financial reissued a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. UBS Group increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

Kinder Morgan Trading Down 0.4 %

NYSE KMI traded down $0.08 during trading hours on Monday, reaching $19.79. The company’s stock had a trading volume of 10,575,742 shares, compared to its average volume of 13,726,891. The firm has a fifty day simple moving average of $19.32 and a 200-day simple moving average of $18.23. The stock has a market cap of $43.92 billion, a P/E ratio of 17.99, a P/E/G ratio of 3.14 and a beta of 0.93. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $20.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is currently 104.55%.

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.