Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 326.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,753 shares of the pipeline company’s stock after acquiring an additional 59,499 shares during the period. UniSuper Management Pty Ltd’s holdings in Kinder Morgan were worth $1,426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. True Wealth Design LLC raised its stake in shares of 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 position in Kinder Morgan during the 4th quarter worth approximately $26,000. Activest Wealth Management purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $30,000. OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $31,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan during the first quarter worth $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 1.1 %

Shares of NYSE KMI traded down $0.24 during trading on Tuesday, reaching $21.62. 20,814,221 shares of the stock were exchanged, compared to its average volume of 14,119,020. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $21.86. The company has a market capitalization of $47.97 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 3.21 and a beta of 0.93. The company has a quick ratio of 0.38, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The business’s 50-day moving average price is $19.87 and its 200 day moving average price is $18.55.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.32%. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of the firm’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 directly owns 259,069 shares in the company, valued at $5,116,612.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on KMI shares. Truist Financial restated a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Scotiabank boosted their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, UBS Group raised their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Five equities 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.86.

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.