QRG Capital Management Inc. Sells 153,100 Shares of Kinder Morgan, Inc. $KMI

QRG Capital Management Inc. lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 44.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 192,491 shares of the pipeline company’s stock after selling 153,100 shares during the quarter. QRG Capital Management Inc.’s holdings in Kinder Morgan were worth $5,659,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 788 shares in the last quarter. JNBA Financial Advisors increased its stake in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC increased its stake in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the last quarter. Grove Bank & Trust increased its stake in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC bought a new position in Kinder Morgan in the second quarter valued at $34,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.0%

Shares of NYSE:KMI opened at $28.50 on Monday. The stock’s 50-day moving average price is $27.27 and its 200-day moving average price is $27.46. Kinder Morgan, Inc. has a 12-month low of $23.06 and a 12-month high of $31.48. The stock has a market capitalization of $63.32 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Insider Buying and Selling

In related news, EVP Dax Sanders sold 30,127 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares of the company’s stock, valued at $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’s 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 completion of the sale, the vice president directly owned 225,868 shares in the company, valued at $6,098,436. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock valued at $3,553,982 over the last ninety days. Corporate insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company increased their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. BMO Capital Markets assumed coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Scotiabank reduced their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Stifel Nicolaus raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Finally, Morgan Stanley raised their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.25.

Kinder Morgan 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.