Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Increased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 221.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 251,635 shares of the pipeline company’s stock after buying an additional 173,313 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Kinder Morgan were worth $4,615,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Lido Advisors LLC raised its holdings in shares of Kinder Morgan by 29.5% during the third quarter. Lido Advisors LLC now owns 29,865 shares of the pipeline company’s stock worth $495,000 after purchasing an additional 6,797 shares during the period. Schroder Investment Management Group lifted its holdings in Kinder Morgan by 20.7% in the third quarter. Schroder Investment Management Group now owns 308,985 shares of the pipeline company’s stock worth $5,123,000 after acquiring an additional 52,920 shares during the last quarter. Toroso Investments LLC boosted its stake in Kinder Morgan by 5.3% in the third quarter. Toroso Investments LLC now owns 61,523 shares of the pipeline company’s stock valued at $1,020,000 after acquiring an additional 3,081 shares during the period. Morgan Stanley grew its holdings in shares of Kinder Morgan by 4.1% during the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after purchasing an additional 796,829 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Kinder Morgan by 9.6% during the 3rd quarter. Harbour Investments Inc. now owns 21,867 shares of the pipeline company’s stock worth $363,000 after purchasing an additional 1,916 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In related news, VP Dax Sanders sold 50,000 shares of the business’s 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 sale, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 value of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction 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 directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded up $0.01 on Wednesday, hitting $20.00. The company had a trading volume of 2,039,327 shares, compared to its average volume of 13,567,763. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $20.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. The company has a market cap of $44.39 billion, a PE ratio of 18.17, a PEG ratio of 3.14 and a beta of 0.93. The business has a 50-day simple moving average of $19.49 and a 200-day simple moving average of $18.34.

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

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 5.75%. Kinder Morgan’s payout ratio is 104.55%.

Analyst Ratings Changes

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