QRG Capital Management Inc. Increases Stake in Kinder Morgan, Inc. $KMI

QRG Capital Management Inc. boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,993 shares of the pipeline company’s stock after buying an additional 16,841 shares during the quarter. QRG Capital Management Inc.’s holdings in Kinder Morgan were worth $7,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $27,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan during the 4th quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter worth $28,000. Dorato Capital Management purchased a new stake in Kinder Morgan during the 4th quarter worth about $30,000. Finally, Basepoint Wealth LLC purchased a new stake in Kinder Morgan during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KMI shares. Jefferies Financial Group decreased their price objective on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Royal Bank Of Canada upped their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Citigroup boosted their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Eight analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and an average target price of $34.71.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the sale, the vice president owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents a 3.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 23,148 shares of company stock worth $749,206. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Stock Up 0.0%

Shares of NYSE KMI opened at $32.07 on Friday. The business has a 50-day moving average of $32.18 and a two-hundred day moving average of $31.27. The company has a market capitalization of $71.34 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.67 and a beta of 0.54. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, analysts forecast that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.2975 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is currently 79.87%.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.