AG2R LA Mondiale Gestion D Actifs Invests $6.63 Million in Kinder Morgan, Inc. $KMI

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 236,549 shares of Kinder Morgan, Inc. for approximately $6.63 million, as reported in their latest SEC filing.
• Several institutional investors, including Goldman Sachs, significantly increased their holdings in Kinder Morgan during the first quarter, with Goldman Sachs raising its stake by 37.5% to over 20 million shares.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, reflecting an annualized dividend of $1.17 and a yield of 4.2%, amidst a robust earnings report with a revenue increase of 13.2% year-over-year.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 236,549 shares of the pipeline company's stock, valued at approximately $6,633,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Kinder Morgan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock valued at $5,824,367,000 after acquiring an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kinder Morgan by 37.5% in the 1st 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 last quarter. Deutsche Bank AG lifted its stake in shares of Kinder Morgan by 2.0% in the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after acquiring an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Kinder Morgan by 19.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company's stock valued at $380,145,000 after acquiring an additional 2,144,307 shares during the last quarter. Finally, Amundi lifted its stake in shares of Kinder Morgan by 8.0% in the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock valued at $353,785,000 after acquiring an additional 943,023 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Activity

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This represents a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,008 shares of company stock worth $3,553,982. Company insiders own 12.73% of the company's stock.

Kinder Morgan Trading Up 0.0%

NYSE:KMI traded up $0.01 during mid-day trading on Friday, reaching $27.58. 8,664,933 shares of the company's stock traded hands, compared to its average volume of 11,600,910. Kinder Morgan, Inc. has a 12-month low of $20.97 and a 12-month high of $31.48. The firm has a market capitalization of $61.28 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.24 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. The company has a 50 day moving average price of $27.22 and a 200-day moving average price of $27.37.

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

Kinder Morgan Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.2%. Kinder Morgan's dividend payout ratio is 95.90%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KMI shares. Scotiabank boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Stifel Nicolaus boosted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. TD Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Profile

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.