Sargent Investment Group LLC Boosts Position in Kinder Morgan, Inc. (NYSE:KMI)

Sargent Investment Group LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 89,990 shares of the pipeline company’s stock after purchasing an additional 2,651 shares during the quarter. Sargent Investment Group LLC’s holdings in Kinder Morgan were worth $2,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMI. Sumitomo Mitsui Trust Group Inc. increased its position in Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after purchasing an additional 29,861 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after purchasing an additional 776 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares during the last quarter. Barclays PLC raised its holdings in shares of Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Kinder Morgan by 116.1% during the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock worth $5,772,000 after purchasing an additional 113,173 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Barclays increased their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Finally, UBS Group lifted their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Price Performance

KMI stock opened at $27.53 on Wednesday. The company has a market capitalization of $61.16 billion, a PE ratio of 23.53, a P/E/G ratio of 3.12 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average is $27.96 and its two-hundred day moving average is $24.80. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results 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 return on equity of 8.09% and a net margin of 17.31%. Analysts predict that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.18%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

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.