MV Capital Management Inc. Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

MV Capital Management Inc. grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 45.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,083 shares of the pipeline company’s stock after purchasing an additional 653 shares during the period. MV Capital Management Inc.’s holdings in Kinder Morgan were worth $38,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Norges Bank acquired a new position in Kinder Morgan in the 4th quarter valued at about $409,063,000. Confluence Investment Management LLC acquired a new stake in Kinder Morgan during the 1st quarter worth approximately $87,627,000. Dimensional Fund Advisors LP boosted its position in Kinder Morgan by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock valued at $289,087,000 after buying an additional 2,309,550 shares during the period. International Assets Investment Management LLC grew its stake in shares of Kinder Morgan by 1,602.8% in the fourth quarter. International Assets Investment Management LLC now owns 2,082,420 shares of the pipeline company’s stock worth $36,734,000 after acquiring an additional 1,960,125 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Kinder Morgan by 1,485.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,796,555 shares of the pipeline company’s stock worth $31,691,000 after acquiring an additional 1,683,260 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 0.4 %

Shares of Kinder Morgan stock opened at $19.72 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $19.34 and a 200-day simple moving average of $18.25. The stock has a market cap of $43.77 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 3.14 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $20.19.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the company posted $0.30 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.2875 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 5.83%. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. UBS Group upped their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Truist Financial reaffirmed a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Finally, Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Insider Transactions at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Dax Sanders sold 50,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $5,116,612.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction that occurred 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 completion of the sale, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

Kinder Morgan Company 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.