QRG Capital Management Inc. Grows Position in Kinder Morgan, Inc. $KMI

QRG Capital Management Inc. boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 216,993 shares of the pipeline company’s stock after acquiring 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 filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Board of the Pension Protection Fund purchased a new position in shares of Kinder Morgan during the fourth quarter worth approximately $27,000. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at $28,000. Dorato Capital Management acquired a new stake in Kinder Morgan during the 4th quarter worth $30,000. Finally, Basepoint Wealth LLC purchased a new position in Kinder Morgan during the 4th quarter worth $30,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMI. Scotiabank lifted their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. UBS Group reissued a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Wells Fargo & Company boosted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Stifel Nicolaus upped their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. Finally, Royal Bank Of Canada increased their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.71.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president directly 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. 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 insiders.

Kinder Morgan Trading Up 0.0%

NYSE:KMI opened at $32.07 on Friday. 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 quick ratio of 0.41 and a current ratio of 0.52. The stock has a fifty day moving average price of $32.18 and a two-hundred day moving average price of $31.27. The stock has a market capitalization of $71.34 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.67 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period in the previous year, the firm earned $0.34 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

About Kinder Morgan

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.