Qsemble Capital Management LP Buys 10,149 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Qsemble Capital Management LP lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,858 shares of the pipeline company’s stock after purchasing an additional 10,149 shares during the quarter. Qsemble Capital Management LP’s holdings in Kinder Morgan were worth $2,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Independent Advisor Alliance grew its holdings in Kinder Morgan by 13.8% during the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock worth $1,148,000 after acquiring an additional 7,912 shares during the last quarter. LSV Asset Management bought a new stake in Kinder Morgan during the 1st quarter worth approximately $8,818,000. Brevan Howard Capital Management LP bought a new stake in Kinder Morgan during the 4th quarter worth approximately $2,101,000. Duality Advisers LP grew its holdings in Kinder Morgan by 42.7% during the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock worth $5,822,000 after acquiring an additional 94,984 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in Kinder Morgan by 221.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock worth $4,615,000 after acquiring an additional 173,313 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KMI shares. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. UBS Group boosted their price target on shares of Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Barclays boosted their price target on shares of Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Kinder Morgan Stock Performance

KMI opened at $20.83 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The company’s fifty day moving average price is $20.96 and its two-hundred day moving average price is $19.53. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $21.86. The company has a market cap of $46.23 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.94 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released 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). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.52%. Kinder Morgan’s payout ratio is 104.55%.

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 21,413 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock worth $3,121,891 in the last quarter. 12.64% of the stock is currently owned by corporate insiders.

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.