Duality Advisers LP Acquires 94,984 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Duality Advisers LP lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 42.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 317,425 shares of the pipeline company’s stock after purchasing an additional 94,984 shares during the quarter. Kinder Morgan comprises approximately 0.6% of Duality Advisers LP’s portfolio, making the stock its 21st largest holding. Duality Advisers LP’s holdings in Kinder Morgan were worth $5,822,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tucker Asset Management LLC purchased a new position in Kinder Morgan in the third quarter worth $25,000. True Wealth Design LLC boosted its position in 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 valued at $25,000 after buying an additional 1,389 shares during the period. Altshuler Shaham Ltd purchased a new stake in Kinder Morgan during the fourth quarter valued at about $26,000. Activest Wealth Management purchased a new stake in Kinder Morgan during the fourth quarter valued at about $30,000. Finally, OFI Invest Asset Management purchased a new stake in Kinder Morgan during the first quarter valued at about $31,000. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of several analyst reports. Truist Financial restated a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. UBS Group increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Insider Buying and Selling

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

Kinder Morgan Stock Up 0.0 %

Shares of NYSE:KMI traded up $0.01 during trading on Friday, reaching $20.17. 12,246,927 shares of the stock traded hands, compared to its average volume of 13,627,722. The stock has a 50-day moving average of $19.56 and a two-hundred day moving average of $18.37. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $20.32. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The stock has a market cap of $44.77 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 3.17 and a beta of 0.93.

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

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a $0.2875 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 5.70%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) 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.