O ROURKE & COMPANY Inc Acquires 2,179 Shares of Kinder Morgan, Inc. (NYSE:KMI)

O ROURKE & COMPANY Inc lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,078 shares of the pipeline company’s stock after acquiring an additional 2,179 shares during the period. O ROURKE & COMPANY Inc’s holdings in Kinder Morgan were worth $772,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Independent Advisor Alliance boosted its holdings in Kinder Morgan by 13.8% in the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock valued at $1,148,000 after purchasing an additional 7,912 shares during the period. Brevan Howard Capital Management LP purchased a new position in Kinder Morgan during the fourth quarter worth about $2,101,000. Rheos Capital Works Inc. increased its stake in Kinder Morgan by 285.7% in the 4th quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock worth $19,051,000 after acquiring an additional 800,000 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Kinder Morgan by 9.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,032,483 shares of the pipeline company’s stock valued at $18,265,000 after acquiring an additional 89,312 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $860,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KMI. UBS Group raised 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. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 accessible through this link. In other news, Director Michael C. Morgan sold 230,000 shares of the business’s 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 approximately $6,494,537.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was 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 disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

Kinder Morgan Trading Down 0.4 %

Kinder Morgan stock traded down $0.08 during trading hours on Monday, reaching $19.79. The company had a trading volume of 10,575,742 shares, compared to its average volume of 13,726,891. The firm has a market cap of $43.92 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 3.14 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $20.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. The company has a 50-day moving average price of $19.32 and a 200 day moving average price of $18.23.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a $0.2875 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 5.81%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is 104.55%.

About Kinder Morgan

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.