CHURCHILL MANAGEMENT Corp Has $8.92 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

CHURCHILL MANAGEMENT Corp decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 486,610 shares of the pipeline company’s stock after selling 12,463 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Kinder Morgan were worth $8,924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Kinder Morgan by 5.9% during the third quarter. PNC Financial Services Group Inc. now owns 227,575 shares of the pipeline company’s stock valued at $3,773,000 after buying an additional 12,691 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Kinder Morgan by 51.7% during the third quarter. Envestnet Asset Management Inc. now owns 4,758,545 shares of the pipeline company’s stock valued at $78,897,000 after buying an additional 1,621,397 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Kinder Morgan during the third quarter valued at about $194,000. Pearl River Capital LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at about $426,000. Finally, CenterBook Partners LP acquired a new position in shares of Kinder Morgan during the third quarter valued at about $365,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI stock traded down $0.09 during trading hours on Friday, reaching $19.71. 28,997,887 shares of the company were exchanged, compared to its average volume of 10,121,480. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $20.07. The stock’s fifty day moving average is $19.14 and its two-hundred day moving average is $18.14. The company has a market cap of $43.74 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 3.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the business earned $0.30 earnings per share. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.83%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KMI shares. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Truist Financial reissued a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. UBS Group upped their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Check Out Our Latest Analysis on KMI

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Profile

(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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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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