Kowal Investment Group LLC Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Kowal Investment Group LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,859 shares of the pipeline company’s stock after buying an additional 2,223 shares during the quarter. Kowal Investment Group LLC’s holdings in Kinder Morgan were worth $309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in KMI. Norges Bank bought a new position in shares of Kinder Morgan during the 4th quarter valued at $409,063,000. Confluence Investment Management LLC bought a new position in shares of Kinder Morgan during the 1st quarter valued at $87,627,000. Dimensional Fund Advisors LP grew its holdings in shares of Kinder Morgan by 16.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock valued at $289,087,000 after purchasing an additional 2,309,550 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Kinder Morgan by 1,602.8% during the 4th quarter. International Assets Investment Management LLC now owns 2,082,420 shares of the pipeline company’s stock valued at $36,734,000 after purchasing an additional 1,960,125 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Kinder Morgan by 1,485.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,796,555 shares of the pipeline company’s stock valued at $31,691,000 after purchasing an additional 1,683,260 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.4 %

NYSE:KMI opened at $19.79 on Tuesday. The company has a 50-day moving average price of $19.32 and a 200-day moving average price of $18.23. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $20.19. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The stock has a market cap of $43.92 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 3.14 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the company posted $0.30 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 5.81%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Analysts Set New Price Targets

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

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, 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. Corporate insiders own 12.81% of the company’s stock.

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.