Bryn Mawr Capital Management LLC Invests $860,000 in Kinder Morgan, Inc. (NYSE:KMI)

Bryn Mawr Capital Management LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,739 shares of the pipeline company’s stock, valued at approximately $860,000.

A number of other hedge funds have also modified their holdings of KMI. Tucker Asset Management LLC purchased a new position in shares of Kinder Morgan during the third quarter worth approximately $25,000. Hartford Financial Management Inc. purchased a new position in Kinder Morgan in the 3rd quarter valued at $26,000. Activest Wealth Management purchased a new position in Kinder Morgan in the 4th quarter valued at $30,000. OFI Invest Asset Management purchased a new position in Kinder Morgan in the 3rd quarter valued at $33,000. Finally, Rakuten Securities Inc. purchased a new position in Kinder Morgan in the 4th quarter valued at $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial reiterated a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Trading Down 0.6 %

NYSE:KMI opened at $18.68 on Friday. The company has a market capitalization of $41.46 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 5.31 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.92. The stock has a fifty day simple moving average of $17.98 and a 200-day simple moving average of $17.47.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.2875 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 6.16%. Kinder Morgan’s payout ratio is presently 102.73%.

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.