Argentarii LLC Invests $1.72 Million in Kinder Morgan, Inc. (NYSE:KMI)

Argentarii LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 62,888 shares of the pipeline company’s stock, valued at approximately $1,723,000. Kinder Morgan accounts for 0.9% of Argentarii LLC’s holdings, making the stock its 28th biggest position.

Several other hedge funds have also modified their holdings of the stock. OFI Invest Asset Management purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $51,000. Personal CFO Solutions LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $256,000. Pillar Financial Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $38,000. Amundi raised its holdings in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after buying an additional 2,650,040 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Kinder Morgan by 39.9% during the 4th quarter. Larson Financial Group LLC now owns 13,119 shares of the pipeline company’s stock valued at $359,000 after buying an additional 3,743 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was 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. The trade was a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction 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 sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by company insiders.

Kinder Morgan Trading Down 0.6 %

NYSE:KMI opened at $26.14 on Friday. Kinder Morgan, Inc. has a 12-month low of $17.45 and a 12-month high of $31.48. The firm has a market capitalization of $58.09 billion, a P/E ratio of 22.35, a P/E/G 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. The business has a 50 day simple moving average of $27.71 and a 200 day simple moving average of $25.72.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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 net margin of 17.31% and a return on equity of 8.09%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.40%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analyst Weigh In

KMI has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Monday, March 3rd. Finally, Truist Financial lifted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.64.

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.