Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 37.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,279 shares of the pipeline company’s stock after acquiring an additional 14,006 shares during the period. Atomi Financial Group Inc.’s holdings in Kinder Morgan were worth $940,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Independent Advisor Alliance grew its holdings in shares of Kinder Morgan by 13.8% in 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 period. Brevan Howard Capital Management LP acquired a new stake in Kinder Morgan during the 4th quarter valued at $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 valued at $5,822,000 after buying an additional 94,984 shares during the last quarter. 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 valued at $4,615,000 after buying an additional 173,313 shares during the last quarter. Finally, Rheos Capital Works Inc. grew its holdings in Kinder Morgan by 285.7% during the 4th quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock valued at $19,051,000 after buying an additional 800,000 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.5 %

Shares of Kinder Morgan stock traded up $0.10 during trading hours on Monday, hitting $20.29. 8,296,154 shares of the company’s stock traded hands, compared to its average volume of 13,637,276. The stock has a 50 day simple moving average of $19.59 and a 200-day simple moving average of $18.39. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The company has a market cap of $45.03 billion, a PE ratio of 18.39, a PEG ratio of 3.19 and a beta of 0.93. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $20.32.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal 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 paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 5.67%. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Insider Activity

In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KMI shares. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. UBS Group increased their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Truist Financial reaffirmed a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Finally, Wells Fargo & Company raised 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 research report on Tuesday, June 4th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $21.00.

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.