Aberdeen Group plc Boosts Stake in Kinder Morgan, Inc. $KMI

Key Points

• Aberdeen Group plc increased its stake in Kinder Morgan, Inc. by 3.9%, owning over 2.4 million shares valued at approximately $71.6 million as of the latest SEC filing.
• Recent stock activity reveals that Kinder Morgan has received significant boosts from various institutional investors, with hedge funds owning 62.52% of the company's stock.
• Kinder Morgan announced a quarterly dividend of $0.2925, resulting in an annualized dividend yield of 4.3% and a high dividend payout ratio of 95.90%.

Aberdeen Group plc boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,435,262 shares of the pipeline company's stock after buying an additional 92,097 shares during the quarter. Aberdeen Group plc owned approximately 0.11% of Kinder Morgan worth $71,597,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC lifted its stake in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after buying an additional 788 shares in the last quarter. JNBA Financial Advisors boosted its position in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after acquiring an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC boosted its position in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock worth $31,000 after acquiring an additional 562 shares during the last quarter. Grove Bank & Trust boosted its position in Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock worth $32,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insiders Place Their Bets

In other news, EVP Dax Sanders sold 30,127 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KMI shares. Barclays restated an "overweight" rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Kinder Morgan in a research report on Wednesday. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research report on Thursday. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Friday, July 25th. Finally, BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an "outperform" rating and a $32.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and an average price target of $30.88.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.12 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The company has a market cap of $60.25 billion, a P/E ratio of 22.23, a P/E/G ratio of 3.19 and a beta of 0.78. Kinder Morgan, Inc. has a fifty-two week low of $23.86 and a fifty-two week high of $31.48. The firm's 50 day moving average is $27.26 and its two-hundred day moving average is $27.44.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the firm posted $0.26 EPS. The business's revenue for the quarter 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. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

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.

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