SteelPeak Wealth LLC Has $898,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

SteelPeak Wealth LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 49.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 48,938 shares of the pipeline company’s stock after purchasing an additional 16,292 shares during the period. SteelPeak Wealth LLC’s holdings in Kinder Morgan were worth $898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KMI. Norges Bank acquired a new position in Kinder Morgan in the fourth quarter valued at $409,063,000. Confluence Investment Management LLC bought a new stake in Kinder Morgan in the first quarter valued at $87,627,000. Dimensional Fund Advisors LP increased its stake in Kinder Morgan by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock valued at $289,087,000 after purchasing an additional 2,309,550 shares in the last quarter. International Assets Investment Management LLC increased its stake in Kinder Morgan by 1,602.8% in the fourth quarter. International Assets Investment Management LLC now owns 2,082,420 shares of the pipeline company’s stock valued at $36,734,000 after purchasing an additional 1,960,125 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Kinder Morgan by 1,485.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,796,555 shares of the pipeline company’s stock valued at $31,691,000 after purchasing an additional 1,683,260 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of several research analyst reports. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. UBS Group lifted their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Truist Financial reissued a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Kinder Morgan Stock Up 0.6 %

Shares of NYSE:KMI traded up $0.11 during midday trading on Friday, hitting $19.87. 42,524,227 shares of the company’s stock were exchanged, compared to its average volume of 11,865,676. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $20.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. The stock has a 50 day moving average price of $19.32 and a 200-day moving average price of $18.23. The company has a market cap of $44.10 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 3.14 and a beta of 0.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the firm posted $0.30 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.79%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

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.