Trexquant Investment LP Takes $814,000 Position in Kinder Morgan, Inc. $KMI

Key Points

• Trexquant Investment LP has acquired a new stake in Kinder Morgan, purchasing 28,518 shares valued at approximately $814,000.
• Institutional investors collectively own 62.52% of Kinder Morgan's stock, indicating strong interest among larger funds.
• Kinder Morgan reported a revenue increase of 13.2% year-over-year, with quarterly earnings hitting $0.28 per share, matching analyst expectations.

Trexquant Investment LP purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,518 shares of the pipeline company's stock, valued at approximately $814,000.

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

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the sale, the vice president directly owned 225,868 shares in the company, valued at approximately $6,098,436. The trade was a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.16 during trading hours on Thursday, hitting $27.54. The stock had a trading volume of 4,882,283 shares, compared to its average volume of 14,383,119. Kinder Morgan, Inc. has a one year low of $20.72 and a one year high of $31.48. The stock's 50-day moving average price is $27.25 and its two-hundred day moving average price is $27.33. The stock has a market capitalization of $61.18 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 3.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research note on Monday, July 7th. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.