AQR Capital Management LLC Purchases 713,001 Shares of Kinder Morgan, Inc. (NYSE:KMI)

AQR Capital Management LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 93.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475,577 shares of the pipeline company's stock after acquiring an additional 713,001 shares during the period. AQR Capital Management LLC owned about 0.07% of Kinder Morgan worth $40,431,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Xponance Inc. boosted its position in shares of Kinder Morgan by 5.2% in the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after buying an additional 15,114 shares during the period. Principal Financial Group Inc. grew its stake in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after purchasing an additional 71,984 shares in the last quarter. Golden State Equity Partners increased its position in Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock worth $450,000 after purchasing an additional 15,800 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Kinder Morgan by 2.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after purchasing an additional 44,474 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after buying an additional 2,334,273 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent research reports. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research report on Monday, March 3rd. Truist Financial lifted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research report on Monday. UBS Group boosted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus price target of $29.79.

Kinder Morgan Trading Up 1.0 %

KMI stock traded up $0.28 during trading on Wednesday, hitting $27.49. The company had a trading volume of 8,636,106 shares, compared to its average volume of 13,934,490. The stock has a market cap of $61.08 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 3.08 and a beta of 0.74. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $27.00 and a 200-day moving average price of $27.15. Kinder Morgan, Inc. has a 12 month low of $18.65 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.26%. Kinder Morgan's payout ratio is currently 100.86%.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,461 shares of company stock valued at $3,007,516 over the last ninety days. Insiders own 12.73% of the company's stock.

Kinder Morgan Company 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.