Qube Research & Technologies Ltd Boosts Position in Kinder Morgan, Inc. (NYSE:KMI)

Qube Research & Technologies Ltd boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 15.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 924,935 shares of the pipeline company’s stock after purchasing an additional 122,761 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Kinder Morgan were worth $17,491,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Retirement Planning Co of New England Inc. lifted its position in shares of Kinder Morgan by 2.8% in the first quarter. Retirement Planning Co of New England Inc. now owns 82,067 shares of the pipeline company’s stock valued at $1,551,000 after acquiring an additional 2,254 shares in the last quarter. Curi Wealth Management LLC lifted its position in shares of Kinder Morgan by 48.1% in the first quarter. Curi Wealth Management LLC now owns 3,143 shares of the pipeline company’s stock valued at $59,000 after acquiring an additional 1,021 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Kinder Morgan by 31.8% in the first quarter. Los Angeles Capital Management LLC now owns 1,408,231 shares of the pipeline company’s stock valued at $26,630,000 after acquiring an additional 339,884 shares in the last quarter. RMB Capital Management LLC lifted its position in shares of Kinder Morgan by 3.9% in the first quarter. RMB Capital Management LLC now owns 358,996 shares of the pipeline company’s stock valued at $6,789,000 after acquiring an additional 13,480 shares in the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in shares of Kinder Morgan by 6.1% in the first quarter. Arete Wealth Advisors LLC now owns 114,068 shares of the pipeline company’s stock valued at $2,157,000 after acquiring an additional 6,560 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMI. Wolfe Research downgraded Kinder Morgan from a “peer perform” rating to an “underperform” rating and upped their price objective for the company from $17.00 to $18.00 in a research report on Monday, April 11th. Morgan Stanley increased their target price on Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 20th. UBS Group increased their target price on Kinder Morgan to $25.00 in a research report on Friday, July 22nd. Barclays reduced their target price on Kinder Morgan from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. Finally, TD Securities increased their target price on Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.14.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total transaction of $28,815.00. Following the transaction, the vice president now owns 31,719 shares of the company’s stock, valued at approximately $609,321.99. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total value of $28,815.00. Following the sale, the vice president now owns 31,719 shares of the company’s stock, valued at approximately $609,321.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the sale, the vice president now directly owns 28,719 shares in the company, valued at approximately $516,942. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $17.47 on Friday. The firm has a market capitalization of $39.36 billion, a PE ratio of 16.33, a P/E/G ratio of 4.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.52 and a quick ratio of 0.42. The business has a 50-day moving average of $17.66 and a two-hundred day moving average of $18.06. Kinder Morgan, Inc. has a 12 month low of $15.01 and a 12 month high of $20.20.

Kinder Morgan (NYSE:KMIGet Rating) last posted its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 63.5% compared to the same quarter last year. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Friday, July 29th. Kinder Morgan’s dividend payout ratio is presently 103.74%.

Kinder Morgan Company Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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