Quantinno Capital Management LP Has $8.05 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Quantinno Capital Management LP increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,895 shares of the pipeline company's stock after purchasing an additional 44,511 shares during the quarter. Quantinno Capital Management LP's holdings in Kinder Morgan were worth $8,053,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hurley Capital LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $25,000. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $25,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $29,000. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMI. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Citigroup increased their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Scotiabank increased their price target on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, April 21st. Seven 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 company. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and a consensus target price of $29.79.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. The trade was a 25.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares of the company's stock, valued at approximately $23,219,995. The trade was a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,503,776 over the last ninety days. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Down 0.3%

Shares of NYSE:KMI traded down $0.09 during midday trading on Monday, hitting $28.00. The stock had a trading volume of 7,840,873 shares, compared to its average volume of 13,966,508. Kinder Morgan, Inc. has a 12 month low of $18.83 and a 12 month high of $31.48. 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 business's 50-day simple moving average is $27.15 and its 200-day simple moving average is $27.32. The company has a market cap of $62.22 billion, a P/E ratio of 23.93, a PEG ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.2925 dividend. The ex-dividend date was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.18%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

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.