Paradigm Capital Management LLC NV Invests $1.80 Million in Kinder Morgan, Inc. (NYSE:KMI)

Paradigm Capital Management LLC NV purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 81,577 shares of the pipeline company’s stock, valued at approximately $1,802,000. Kinder Morgan comprises about 1.7% of Paradigm Capital Management LLC NV’s investment portfolio, making the stock its 17th biggest holding.

A number of other hedge funds also recently bought and sold shares of the company. Swedbank AB bought a new position in shares of Kinder Morgan in the first quarter worth approximately $6,882,000. DekaBank Deutsche Girozentrale lifted its position in Kinder Morgan by 14.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 642,495 shares of the pipeline company’s stock valued at $11,829,000 after acquiring an additional 80,057 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Kinder Morgan by 84.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,566 shares of the pipeline company’s stock worth $138,000 after purchasing an additional 3,468 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Kinder Morgan by 63.4% in the second quarter. GAMMA Investing LLC now owns 20,328 shares of the pipeline company’s stock worth $404,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Marcum Wealth LLC raised its stake in shares of Kinder Morgan by 4.5% in the second quarter. Marcum Wealth LLC now owns 15,403 shares of the pipeline company’s stock worth $306,000 after purchasing an additional 663 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of KMI opened at $28.27 on Friday. The business has a 50-day simple moving average of $25.20 and a two-hundred day simple moving average of $22.13. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.81. The stock has a market cap of $62.81 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 4.07 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. On average, analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Wall Street Analyst Weigh In

KMI has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. Truist Financial increased their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. UBS Group lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.67.

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.