Man Group plc Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

Man Group plc grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 132.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 387,457 shares of the pipeline company’s stock after buying an additional 220,870 shares during the period. Man Group plc’s holdings in Kinder Morgan were worth $10,616,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KMI. Park Avenue Securities LLC raised its holdings in Kinder Morgan by 80.7% in the fourth quarter. Park Avenue Securities LLC now owns 70,104 shares of the pipeline company’s stock worth $1,921,000 after buying an additional 31,308 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Kinder Morgan by 35.3% during the fourth quarter. Ritholtz Wealth Management now owns 30,718 shares of the pipeline company’s stock valued at $842,000 after purchasing an additional 8,013 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Kinder Morgan by 469.2% during the fourth quarter. Merit Financial Group LLC now owns 64,984 shares of the pipeline company’s stock valued at $1,781,000 after purchasing an additional 53,568 shares during the last quarter. Sanibel Captiva Trust Company Inc. purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $222,000. Finally, Trust Co. of Vermont raised its holdings in shares of Kinder Morgan by 523.4% during the fourth quarter. Trust Co. of Vermont now owns 1,627 shares of the pipeline company’s stock valued at $45,000 after purchasing an additional 1,366 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.3%

Shares of KMI stock opened at $28.09 on Monday. The stock has a market cap of $62.41 billion, a P/E ratio of 24.01, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 12 month low of $18.83 and a 12 month high of $31.48. The company has a 50 day simple moving average of $27.15 and a two-hundred day simple moving average of $27.32. 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 (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.2925 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is presently 100.86%.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48% 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, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the transaction, the president now owns 789,652 shares of the company’s stock, valued at approximately $21,770,705.64. This represents a 2.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,503,776 over the last three months. 12.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMI. Truist Financial boosted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. Citigroup boosted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Scotiabank boosted their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, April 21st. Finally, Morgan Stanley upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.79.

About Kinder Morgan

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.