Quent Capital LLC Acquires 1,151 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Quent Capital LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 51.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,389 shares of the pipeline company’s stock after buying an additional 1,151 shares during the quarter. Quent Capital LLC’s holdings in Kinder Morgan were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its holdings in Kinder Morgan by 2.0% during the 1st quarter. Gilbert & Cook Inc. now owns 32,154 shares of the pipeline company’s stock valued at $590,000 after buying an additional 629 shares during the last quarter. First Pacific Advisors LP raised its holdings in Kinder Morgan by 0.3% during the 1st quarter. First Pacific Advisors LP now owns 8,035,660 shares of the pipeline company’s stock valued at $147,374,000 after buying an additional 20,918 shares during the last quarter. Bryn Mawr Capital Management LLC raised its holdings in Kinder Morgan by 10.3% during the 1st quarter. Bryn Mawr Capital Management LLC now owns 53,739 shares of the pipeline company’s stock valued at $986,000 after buying an additional 5,000 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Kinder Morgan during the 1st quarter valued at $62,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Kinder Morgan by 1.2% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 72,868 shares of the pipeline company’s stock valued at $1,336,000 after buying an additional 860 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the company’s 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 transaction, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s 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 owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the company’s 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 transaction, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $19.94 on Tuesday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $20.19. The company’s 50-day moving average is $19.45 and its 200 day moving average is $18.33. The company has a market capitalization of $44.25 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 3.14 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the firm posted $0.30 EPS. Kinder Morgan’s revenue for the quarter was down 1.2% on a year-over-year basis. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.77%. This is an increase 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 is 104.55%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KMI. Truist Financial restated a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. UBS Group upped their price objective 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, Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Six 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Read Our Latest Stock Report on Kinder Morgan

Kinder Morgan Company Profile

(Free Report)

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.

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

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