Catalina Capital Group LLC Makes New $203,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Catalina Capital Group LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,395 shares of the pipeline company’s stock, valued at approximately $203,000.

Several other institutional investors have also added to or reduced their stakes in the business. Czech National Bank lifted its holdings in shares of Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after purchasing an additional 25,406 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Kinder Morgan by 34.1% during the third quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company’s stock worth $602,000 after purchasing an additional 6,932 shares during the period. Diversified Trust Co acquired a new stake in shares of Kinder Morgan during the third quarter worth about $467,000. Ignite Planners LLC acquired a new position in Kinder Morgan in the third quarter valued at approximately $213,000. Finally, Atomi Financial Group Inc. lifted its holdings in Kinder Morgan by 8.5% in the third quarter. Atomi Financial Group Inc. now owns 64,838 shares of the pipeline company’s stock valued at $1,432,000 after acquiring an additional 5,080 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.2 %

Shares of KMI opened at $27.53 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $31.48. The stock has a market capitalization of $61.16 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 3.12 and a beta of 0.94. The stock has a 50 day moving average price of $27.96 and a 200 day moving average price of $24.80.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Analyst Ratings Changes

A number of research analysts have issued reports on KMI shares. Truist Financial boosted their price target on 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 target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Citigroup boosted their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $29.14.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.81% of the stock is owned by company insiders.

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.