Requisite Capital Management LLC Acquires Shares of 44,087 Kinder Morgan, Inc. (NYSE:KMI)

Requisite Capital Management LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, HoldingsChannel reports. The firm bought 44,087 shares of the pipeline company’s stock, valued at approximately $1,208,000. Kinder Morgan makes up approximately 0.2% of Requisite Capital Management LLC’s investment portfolio, making the stock its 29th largest holding.

Several other hedge funds have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after acquiring an additional 29,861 shares during the period. Global Retirement Partners LLC increased its stake in Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after purchasing an additional 776 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Czech National Bank grew its holdings in Kinder Morgan by 6.9% in the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after purchasing an additional 25,406 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KMI shares. Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday. UBS Group raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday. Royal Bank of Canada boosted their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Barclays increased their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.92.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $30.23 on Friday. The business’s fifty day moving average price is $28.03 and its 200 day moving average price is $24.44. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $67.16 billion, a P/E ratio of 25.84, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is currently owned by corporate 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.