V Square Quantitative Management LLC Increases Holdings in Kinder Morgan, Inc. $KMI

V Square Quantitative Management LLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 38.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,821 shares of the pipeline company’s stock after buying an additional 5,269 shares during the period. V Square Quantitative Management LLC’s holdings in Kinder Morgan were worth $553,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC raised its stake in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after buying an additional 788 shares during the last quarter. JNBA Financial Advisors raised its stake in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after buying an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake in Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after buying an additional 562 shares during the last quarter. Grove Bank & Trust raised its stake in Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,078 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the 1st quarter worth $35,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 0.1%

Shares of KMI stock opened at $28.33 on Wednesday. Kinder Morgan, Inc. has a 52-week low of $22.01 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The firm has a market capitalization of $62.95 billion, a PE ratio of 23.22, a PEG ratio of 3.33 and a beta of 0.81. The stock has a fifty day simple moving average of $27.20 and a two-hundred day simple moving average of $27.45.

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

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is 95.90%.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,759 shares of the company’s stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,008 shares of company stock worth $3,553,982. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KMI shares. Barclays restated an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Morgan Stanley set a $32.00 price objective on Kinder Morgan in a research note on Thursday, September 18th. Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Finally, Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.06.

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.