Strategy Asset Managers LLC Purchases Shares of 285,426 Kinder Morgan, Inc. (NYSE:KMI)

Strategy Asset Managers LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 285,426 shares of the pipeline company’s stock, valued at approximately $7,821,000. Kinder Morgan comprises 1.5% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 18th largest position.

A number of other hedge funds have also modified their holdings of KMI. Townsquare Capital LLC raised its holdings in shares of Kinder Morgan by 33.4% in the third quarter. Townsquare Capital LLC now owns 66,248 shares of the pipeline company’s stock valued at $1,463,000 after buying an additional 16,604 shares during the last quarter. Freedom Investment Management Inc. purchased a new stake in Kinder Morgan during the 3rd quarter valued at approximately $207,000. Glenmede Trust Co. NA lifted its position in Kinder Morgan by 6.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 582,196 shares of the pipeline company’s stock worth $12,861,000 after acquiring an additional 32,916 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Kinder Morgan in the 3rd quarter valued at approximately $10,183,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kinder Morgan by 68.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,746,558 shares of the pipeline company’s stock worth $38,581,000 after purchasing an additional 710,840 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KMI shares. UBS Group boosted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Truist Financial boosted 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. Royal Bank of Canada raised their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Up 0.6 %

Shares of NYSE:KMI opened at $28.39 on Friday. The stock’s 50-day moving average price is $27.48 and its two-hundred day moving average price is $26.34. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The firm has a market cap of $63.07 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at $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 129,461 shares of company stock worth $3,490,996 over the last 90 days. Company insiders own 12.64% of the company’s stock.

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.