Wexford Capital LP Makes New $515,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Wexford Capital LP acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 18,781 shares of the pipeline company’s stock, valued at approximately $515,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the 4th quarter worth $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan in the 4th quarter worth $25,000. Morse Asset Management Inc acquired a new position in Kinder Morgan in the 4th quarter worth $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter worth $29,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.3%

Shares of NYSE:KMI opened at $28.09 on Monday. The stock has a market capitalization of $62.41 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 1-year low of $18.83 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a 50 day moving average price of $27.15 and a 200 day moving average price of $27.32.

Kinder Morgan (NYSE:KMI) last issued its 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 firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations 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 anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.17%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMI shares. Truist Financial upped their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $29.79.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares of the company’s stock, valued at approximately $23,219,995. This trade represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock worth $3,503,776. Corporate insiders own 12.73% of the company’s stock.

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.