Catalyst Funds Management Pty Ltd Has $438,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Catalyst Funds Management Pty Ltd trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 77.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the pipeline company’s stock after selling 55,200 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Kinder Morgan were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KMI. Assetmark Inc. grew its stake in shares of Kinder Morgan by 50.6% in the third quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock valued at $95,000 after acquiring an additional 1,450 shares in the last quarter. KBC Group NV grew its position in Kinder Morgan by 0.5% in the third quarter. KBC Group NV now owns 237,353 shares of the pipeline company’s stock valued at $5,243,000 after acquiring an additional 1,265 shares during the last quarter. CIBC Asset Management Inc increased its position in Kinder Morgan by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 341,054 shares of the pipeline company’s stock worth $7,534,000 after purchasing an additional 22,151 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of Kinder Morgan by 2.0% during the third quarter. Empirical Finance LLC now owns 67,428 shares of the pipeline company’s stock worth $1,489,000 after buying an additional 1,325 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Kinder Morgan by 15.2% in the third quarter. Empowered Funds LLC now owns 172,905 shares of the pipeline company’s stock valued at $3,819,000 after purchasing an additional 22,776 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.11 on Friday. Kinder Morgan, Inc. has a 1 year low of $17.52 and a 1 year high of $31.48. The stock’s fifty day moving average price is $27.60 and its two-hundred day moving average price is $25.90. The firm has a market cap of $60.23 billion, a PE ratio of 23.17, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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 net margin of 17.31% and a return on equity of 8.09%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,490,996 in the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Mizuho boosted their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Seven equities research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.