King Luther Capital Management Corp Increases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

King Luther Capital Management Corp raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,706,450 shares of the pipeline company’s stock after acquiring an additional 95,728 shares during the quarter. King Luther Capital Management Corp owned approximately 0.12% of Kinder Morgan worth $53,777,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Canada Pension Plan Investment Board boosted its position in Kinder Morgan by 147.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock valued at $7,011,000 after acquiring an additional 210,341 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Kinder Morgan by 3.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 15,967 shares of the pipeline company’s stock worth $317,000 after purchasing an additional 571 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Kinder Morgan by 21.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 219,744 shares of the pipeline company’s stock worth $4,366,000 after purchasing an additional 38,975 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Kinder Morgan by 102.1% in the 2nd quarter. Intech Investment Management LLC now owns 98,945 shares of the pipeline company’s stock worth $1,966,000 after purchasing an additional 49,991 shares in the last quarter. Finally, WCG Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $295,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Down 0.1 %

Shares of Kinder Morgan stock opened at $21.59 on Friday. The company has a market capitalization of $47.92 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.90 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. The company has a fifty day moving average of $21.13 and a 200 day moving average of $19.68. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $21.86.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.04, for a total transaction of $529,555.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Sital K. Mody sold 25,169 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.04, for a total transaction of $529,555.76. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock valued at $3,121,891 in the last 90 days. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Truist Financial upped their price objective on Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.55.

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.