Adage Capital Partners GP L.L.C. Takes $407,000 Position in Kinder Morgan, Inc. $KMI

Adage Capital Partners GP L.L.C. acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,254 shares of the pipeline company's stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KMI. Nuveen LLC acquired a new position in shares of Kinder Morgan during the first quarter worth about $205,966,000. Goldman Sachs Group Inc. boosted its holdings in shares of Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after acquiring an additional 5,529,065 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Kinder Morgan by 212.5% in the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after acquiring an additional 3,718,521 shares during the period. Zimmer Partners LP acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $62,499,000. Finally, Westwood Holdings Group Inc. raised its stake in shares of Kinder Morgan by 66.8% during the fourth quarter. Westwood Holdings Group Inc. now owns 5,647,705 shares of the pipeline company's stock worth $154,747,000 after purchasing an additional 2,261,924 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.7%

Kinder Morgan stock traded up $0.18 during midday trading on Thursday, hitting $27.56. 11,015,555 shares of the company were exchanged, compared to its average volume of 14,421,481. The company's fifty day moving average price is $27.25 and its 200-day moving average price is $27.33. The company has a market cap of $61.24 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a fifty-two week low of $20.72 and a fifty-two week high of $31.48.

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

Kinder Morgan Announces Dividend

The firm 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. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.2%. Kinder Morgan's payout ratio is currently 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the company's stock in a transaction on Monday, July 28th. The shares were bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the acquisition, the director directly owned 34,764 shares of the company's stock, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 over the last ninety days. Company insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KMI shares. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Barclays reaffirmed an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. JPMorgan Chase & Co. raised their price target 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 raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

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.