Quantbot Technologies LP Takes $2.53 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Quantbot Technologies LP acquired a new stake in Kinder Morgan, Inc. by purchasing 88,533 shares valued at approximately $2.5 million during the first quarter.
• Kinder Morgan recently reported a quarterly revenue of $4.04 billion, exceeding analyst estimates, with a year-over-year increase of 13.2%.
• The company declared a quarterly dividend of $0.2925 per share, resulting in an annualized dividend yield of 4.4%.

Quantbot Technologies LP bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 88,533 shares of the pipeline company's stock, valued at approximately $2,526,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Morton Capital Management LLC CA boosted its stake in Kinder Morgan by 1.0% during the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after purchasing an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in Kinder Morgan by 0.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after purchasing an additional 378 shares during the last quarter. Diligent Investors LLC boosted its stake in Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after purchasing an additional 381 shares during the last quarter. Signaturefd LLC boosted its stake in Kinder Morgan by 1.8% during the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after purchasing an additional 381 shares during the last quarter. Finally, Aspiriant LLC boosted its stake in Kinder Morgan by 1.7% during the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.1520 during mid-day trading on Friday, reaching $26.6680. The company had a trading volume of 13,028,814 shares, compared to its average volume of 16,066,490. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a market cap of $59.26 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 3.38 and a beta of 0.78. The company's 50-day moving average price is $27.64 and its 200-day moving average price is $27.33. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is 95.90%.

Insiders Place Their Bets

In related news, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. The trade was a 20.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Insiders have sold 139,842 shares of company stock valued at $3,896,180 over the last quarter. Insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMI. Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating for the company. Barclays restated an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. TD Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research note on Monday, July 7th. Finally, Scotiabank boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target of $31.20.

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.