RMB Capital Management LLC Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Financial News Live · Aug 5, 2022 23:11

RMB Capital Management LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 3.9% in the first quarter, HoldingsChannel reports. The firm owned 358,996 shares of the pipeline company's stock after acquiring an additional 13,480 shares during the quarter. RMB Capital Management LLC's holdings in Kinder Morgan were worth $6,789,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HYA Advisors Inc lifted its holdings in Kinder Morgan by 1.5% during the 1st quarter. HYA Advisors Inc now owns 99,092 shares of the pipeline company's stock worth $1,874,000 after buying an additional 1,504 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Kinder Morgan by 0.4% during the 4th quarter. Alliancebernstein L.P. now owns 2,916,355 shares of the pipeline company's stock worth $46,253,000 after buying an additional 12,278 shares during the last quarter. Glassy Mountain Advisors Inc. lifted its holdings in Kinder Morgan by 30.2% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 45,636 shares of the pipeline company's stock worth $863,000 after buying an additional 10,590 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in Kinder Morgan by 21.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 997,527 shares of the pipeline company's stock worth $20,330,000 after buying an additional 174,431 shares during the last quarter. Finally, Green Square Capital Advisors LLC lifted its holdings in Kinder Morgan by 90.3% during the 1st quarter. Green Square Capital Advisors LLC now owns 143,062 shares of the pipeline company's stock worth $2,705,000 after buying an additional 67,891 shares during the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total value of $28,815.00. Following the sale, the vice president now owns 31,719 shares of the company's stock, valued at approximately $609,321.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total value of $28,815.00. Following the sale, the vice president now owns 31,719 shares of the company's stock, valued at approximately $609,321.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the sale, the vice president now directly owns 28,719 shares in the company, valued at approximately $516,942. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on KMI. TD Securities lifted their price target on Kinder Morgan from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Thursday, April 21st. UBS Group lifted their target price on Kinder Morgan to $25.00 in a research report on Friday, July 22nd. Mizuho lifted their target price on Kinder Morgan from $21.00 to $22.00 in a research report on Thursday, April 21st. US Capital Advisors reiterated a "hold" rating on shares of Kinder Morgan in a research report on Wednesday, June 1st. Finally, Wolfe Research cut Kinder Morgan from a "peer perform" rating to an "underperform" rating and lifted their target price for the stock from $17.00 to $18.00 in a research report on Monday, April 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Hold" and a consensus target price of $21.14.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $17.30 on Friday. The stock has a market capitalization of $38.98 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $15.01 and a 52-week high of $20.20. The stock's 50-day moving average price is $17.71 and its 200 day moving average price is $18.06. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI – Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm's revenue for the quarter was up 63.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.2 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.42%. The ex-dividend date is Friday, July 29th. Kinder Morgan's dividend payout ratio (DPR) is presently 103.74%.

Kinder Morgan Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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