KRS Capital Management LLC Has $302,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

KRS Capital Management LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 16,463 shares of the pipeline company’s stock after buying an additional 1,281 shares during the period. KRS Capital Management LLC’s holdings in Kinder Morgan were worth $302,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. grew its position in shares of Kinder Morgan by 0.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after buying an additional 599 shares during the last quarter. Cubic Asset Management LLC lifted its stake in shares of Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after purchasing an additional 600 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Kinder Morgan by 2.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 30,018 shares of the pipeline company’s stock valued at $529,000 after purchasing an additional 610 shares during the period. Pacifica Partners Inc. lifted its stake in shares of Kinder Morgan by 0.3% in the 4th quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock valued at $3,217,000 after purchasing an additional 620 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Kinder Morgan by 6.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 10,719 shares of the pipeline company’s stock valued at $189,000 after purchasing an additional 625 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value 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 SEC, which is accessible through this hyperlink. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KMI shares. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. UBS Group upped their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Kinder Morgan Stock Up 0.6 %

Shares of Kinder Morgan stock traded up $0.11 on Friday, hitting $19.87. The company had a trading volume of 42,524,227 shares, compared to its average volume of 11,865,676. The stock has a market capitalization of $44.10 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 3.12 and a beta of 0.92. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $20.19. The stock has a 50 day moving average of $19.32 and a 200-day moving average of $18.22. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 5.79%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

About Kinder Morgan

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.