Quadcap Wealth Management LLC Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Quadcap Wealth Management LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,012 shares of the pipeline company’s stock after purchasing an additional 931 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Kinder Morgan were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CX Institutional grew its stake in shares of Kinder Morgan by 2.3% during the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after acquiring an additional 354 shares during the period. Diligent Investors LLC grew its stake in shares of Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company’s stock valued at $715,000 after acquiring an additional 381 shares during the period. Bristlecone Advisors LLC grew its stake in shares of Kinder Morgan by 2.6% during the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock valued at $433,000 after acquiring an additional 400 shares during the period. LRI Investments LLC grew its stake in shares of Kinder Morgan by 9.6% during the 4th quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company’s stock valued at $136,000 after acquiring an additional 435 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in Kinder Morgan by 0.5% in the 4th quarter. Apollon Wealth Management LLC now owns 86,430 shares of the pipeline company’s stock worth $2,368,000 after purchasing an additional 438 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total value of $496,260.00. Following the transaction, the president now directly owns 789,652 shares in the company, valued at $21,770,705.64. The trade was a 2.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,503,776 over the last quarter. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.97 on Friday. The stock’s fifty day moving average is $27.12 and its 200 day moving average is $27.26. Kinder Morgan, Inc. has a fifty-two week low of $18.83 and a fifty-two week high of $31.48. The firm has a market capitalization of $62.15 billion, a PE ratio of 23.91, a PEG ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.18%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMI. Morgan Stanley upped their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Truist Financial upped their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Citigroup upped their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.79.

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.