Pallas Capital Advisors LLC Has $387,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Pallas Capital Advisors LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 17.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,387 shares of the pipeline company’s stock after acquiring an additional 2,721 shares during the period. Pallas Capital Advisors LLC’s holdings in Kinder Morgan were worth $387,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Independent Advisor Alliance increased its stake 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 purchasing an additional 7,912 shares in 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 increased its stake 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 purchasing an additional 94,984 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake 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 purchasing an additional 173,313 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KMI has been the subject of a number of research reports. Barclays increased their target price on Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. Truist Financial raised their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Finally, Scotiabank raised their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Seven 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.11.

Insider Activity at Kinder Morgan

In related news, VP Sital K. Mody sold 25,169 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 25,169 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,311 shares of company stock worth $3,121,891. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.2 %

KMI traded down $0.05 during midday trading on Wednesday, reaching $20.98. 2,200,460 shares of the company were exchanged, compared to its average volume of 13,996,162. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86. The company’s fifty day moving average price is $20.49 and its 200 day moving average price is $19.05. The company has a market cap of $46.56 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the previous year, the firm earned $0.24 EPS. Kinder Morgan’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts expect that Kinder Morgan, Inc. will post 1.2 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.48%. Kinder Morgan’s payout ratio is 104.55%.

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.