Quadrature Capital Ltd Sells 225,692 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Quadrature Capital Ltd decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 30.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 508,161 shares of the pipeline company’s stock after selling 225,692 shares during the period. Quadrature Capital Ltd’s holdings in Kinder Morgan were worth $9,320,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of KMI. Vanguard Group Inc. grew its position in shares of Kinder Morgan by 15.8% in the first 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 during the last quarter. Norges Bank acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $409,063,000. Confluence Investment Management LLC bought a new stake in shares of Kinder Morgan in the first quarter valued at about $87,627,000. Castle Hook Partners LP grew its stake in shares of Kinder Morgan by 108.2% in the first 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 in the last quarter. Finally, 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 purchasing an additional 3,135,457 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In related news, VP Dax Sanders sold 50,000 shares of the firm’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 value of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now directly owns 25,169 shares of the company’s stock, valued at $534,841.25. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KMI. UBS Group increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Truist Financial raised their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, July 19th. Finally, Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Six 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Kinder Morgan Price Performance

Shares of KMI traded up $0.30 during mid-day trading on Friday, reaching $21.37. The company had a trading volume of 12,587,936 shares, compared to its average volume of 17,775,132. The company has a market capitalization of $47.43 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 3.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.38 and a current ratio of 0.37. The company’s 50 day simple moving average is $19.96 and its 200 day simple moving average is $18.61. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $21.86.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the firm posted $0.24 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.38%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

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.