StoneX Group Inc. Has $1.61 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

by · The Markets Daily

StoneX Group Inc. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 10.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,739 shares of the pipeline company’s stock after buying an additional 8,356 shares during the period. StoneX Group Inc.’s holdings in Kinder Morgan were worth $1,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Newman Dignan & Sheerar Inc. lifted its position in Kinder Morgan by 4.3% in the 1st quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock worth $242,000 after buying an additional 547 shares in the last quarter. Accurate Wealth Management LLC boosted its position in Kinder Morgan by 2.6% during the first quarter. Accurate Wealth Management LLC now owns 22,598 shares of the pipeline company’s stock valued at $426,000 after purchasing an additional 568 shares during the last quarter. Wesbanco Bank Inc. grew its stake in Kinder Morgan by 0.4% in the third quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after purchasing an additional 599 shares in the last quarter. Cubic Asset Management LLC increased its position in Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after purchasing an additional 600 shares during the last quarter. Finally, Thoroughbred Financial Services LLC raised its stake in shares of Kinder Morgan by 2.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 30,018 shares of the pipeline company’s stock worth $529,000 after purchasing an additional 610 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. UBS Group upped their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Truist Financial restated a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.00.

View Our Latest Stock Analysis on Kinder Morgan

Insider Buying and Selling at Kinder Morgan

In other news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Performance

KMI stock traded down $0.07 during mid-day trading on Friday, reaching $19.89. 11,916,499 shares of the stock traded hands, compared to its average volume of 12,011,710. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average of $19.43 and a two-hundred day moving average of $18.30. The firm has a market capitalization of $44.14 billion, a PE ratio of 18.08, a P/E/G ratio of 3.15 and a beta of 0.93. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $20.19.

Kinder Morgan (NYSE:KMI – Get Free Report) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s revenue was down 1.2% on a year-over-year basis. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 5.78%. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

About Kinder Morgan

(Free Report)

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.

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