Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by KRS Capital Management LLC

KRS Capital Management LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 8.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,463 shares of the pipeline company’s stock after buying an additional 1,281 shares during the period. KRS Capital Management LLC’s holdings in Kinder Morgan were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC increased its position in Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in Kinder Morgan during the fourth quarter worth about $26,000. Tucker Asset Management LLC acquired a new stake in Kinder Morgan during the third quarter worth about $25,000. Activest Wealth Management acquired a new stake in Kinder Morgan during the fourth quarter worth about $30,000. Finally, Rakuten Securities Inc. acquired a new stake in Kinder Morgan during the fourth quarter worth about $33,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMI has been the subject of a number of recent analyst reports. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. UBS Group lifted their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, Truist Financial reiterated a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on 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 transaction, the director now directly 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 accessible through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.6 %

Kinder Morgan stock traded up $0.11 during trading on Friday, reaching $19.87. The stock had a trading volume of 42,524,227 shares, compared to its average volume of 11,865,676. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $20.19. The business has a 50 day moving average price of $19.32 and a 200 day moving average price of $18.22. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock has a market cap of $44.10 billion, a PE ratio of 18.06, a P/E/G ratio of 3.12 and a beta of 0.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company 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 firm earned $0.30 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.2875 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 5.79%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 104.55%.

About Kinder Morgan

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.