MV Capital Management Inc. Buys 653 Shares of Kinder Morgan, Inc. (NYSE:KMI)

MV Capital Management Inc. increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 45.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,083 shares of the pipeline company’s stock after purchasing an additional 653 shares during the quarter. MV Capital Management Inc.’s holdings in Kinder Morgan were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. grew its holdings in Kinder Morgan by 30.8% during the first quarter. Farmers & Merchants Investments Inc. now owns 18,262 shares of the pipeline company’s stock valued at $335,000 after purchasing an additional 4,300 shares during the period. O ROURKE & COMPANY Inc boosted its holdings in Kinder Morgan by 5.5% in the 1st quarter. O ROURKE & COMPANY Inc now owns 42,078 shares of the pipeline company’s stock worth $772,000 after buying an additional 2,179 shares during the period. Kowal Investment Group LLC increased its stake in Kinder Morgan by 15.2% in the 1st quarter. Kowal Investment Group LLC now owns 16,859 shares of the pipeline company’s stock worth $309,000 after buying an additional 2,223 shares in the last quarter. Mirador Capital Partners LP raised its holdings in Kinder Morgan by 7.9% during the first quarter. Mirador Capital Partners LP now owns 283,656 shares of the pipeline company’s stock valued at $5,202,000 after acquiring an additional 20,804 shares during the period. Finally, LVW Advisors LLC lifted its position in shares of Kinder Morgan by 36.4% in the first quarter. LVW Advisors LLC now owns 24,226 shares of the pipeline company’s stock valued at $444,000 after acquiring an additional 6,464 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of several research analyst reports. Truist Financial reiterated a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective 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. Finally, UBS Group raised their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.00.

Insider Buying and Selling 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction on 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 transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, 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. Company insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $19.72 on Wednesday. The firm has a fifty day simple moving average of $19.34 and a two-hundred day simple moving average of $18.25. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $20.19. 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 stock has a market capitalization of $43.77 billion, a P/E ratio of 17.93, a PEG ratio of 3.14 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its quarterly 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 return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the business posted $0.30 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. On average, analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors 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 an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 5.83%. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

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.