Quantitative Investment Management LLC Has $3.49 Million Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Quantitative Investment Management LLC increased its stake in Kinder Morgan, Inc. by 482.6%, owning 122,325 shares valued at approximately $3.49 million as of the latest reporting period.
• Insiders at Kinder Morgan have been active, with VP Sital K. Mody selling 45,549 shares and Director Amy W. Chronis acquiring 2,759 shares, indicating significant movements within the company's leadership.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, which reflects an annualized yield of 4.4% and aligns with its ongoing revenue growth and positive earnings performance.

Quantitative Investment Management LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 482.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,325 shares of the pipeline company's stock after buying an additional 101,328 shares during the period. Quantitative Investment Management LLC's holdings in Kinder Morgan were worth $3,489,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth approximately $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, JNBA Financial Advisors boosted its position in shares of Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

NYSE KMI traded up $0.17 during trading on Thursday, reaching $27.00. 11,850,692 shares of the company traded hands, compared to its average volume of 14,550,205. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock's 50 day moving average price is $27.58 and its two-hundred day moving average price is $27.32. The company has a market cap of $59.98 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 3.37 and a beta of 0.78.

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

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMI. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research note on Monday, July 7th. Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating for the company. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Scotiabank upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Finally, Stifel Nicolaus lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $31.20.

Insider Activity

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares of the company's stock, valued at $7,898,600. This trade represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,842 shares of company stock worth $3,896,180 over the last ninety days. Corporate insiders own 12.73% of the company's stock.

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.