AQR Capital Management LLC Acquires 713,001 Shares of Kinder Morgan, Inc. (NYSE:KMI)

AQR Capital Management LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 93.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,475,577 shares of the pipeline company’s stock after acquiring an additional 713,001 shares during the quarter. AQR Capital Management LLC’s holdings in Kinder Morgan were worth $40,431,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KMI. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $25,000. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth approximately $29,000. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,506,116. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $26.82 on Friday. Kinder Morgan, Inc. has a 12 month low of $18.38 and a 12 month high of $31.48. The firm has a market capitalization of $59.60 billion, a P/E ratio of 22.92, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $26.97 and a two-hundred day simple moving average of $27.10.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.36%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is 100.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Truist Financial raised their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Finally, Scotiabank raised their price target on Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, April 21st. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.71.

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.