Clarius Group LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Clarius Group LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 9,376 shares of the pipeline company’s stock, valued at approximately $206,000.

Several other hedge funds also recently added to or reduced their stakes in KMI. Vanguard Group Inc. increased its stake in Kinder Morgan by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in shares of Kinder Morgan during the first quarter valued at $87,627,000. Castle Hook Partners LP increased its position in shares of Kinder Morgan by 108.2% in the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after acquiring an additional 4,053,793 shares during the period. Kayne Anderson Capital Advisors LP raised its stake in Kinder Morgan by 45.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after acquiring an additional 3,135,457 shares during the last quarter. Finally, Duquesne Family Office LLC lifted its position in Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock worth $134,185,000 after acquiring an additional 2,872,665 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMI has been the subject of several research analyst reports. UBS Group raised their price objective on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Bank of America upgraded shares of Kinder Morgan from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $27.00 in a research note on Friday. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Finally, Truist Financial increased their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.18.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,311 shares of company stock worth $3,121,891. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Trading Up 4.1 %

Shares of KMI stock opened at $24.70 on Monday. Kinder Morgan, Inc. has a twelve month low of $15.91 and a twelve month high of $24.70. The stock has a market cap of $54.82 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 3.27 and a beta of 0.93. The company’s 50-day moving average price is $21.70 and its 200-day moving average price is $20.27. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period last year, the company earned $0.24 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.66%. Kinder Morgan’s payout ratio is presently 104.55%.

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.