Aberdeen Group plc Has $66.58 Million Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Aberdeen Group plc increased its stake in Kinder Morgan by 35.2%, now owning approximately 2.34 million shares valued at $66.58 million.
• Insider transactions show mixed activity; VP John W. Schlosser sold over 6,000 shares, while Director Amy W. Chronis bought nearly 2,800 shares, indicating varying confidence levels among company insiders.
• Kinder Morgan has received a buy rating from multiple analysts, with price targets around $34.00, reflecting positive long-term growth expectations for the company.

Aberdeen Group plc boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 35.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,343,165 shares of the pipeline company's stock after buying an additional 609,748 shares during the quarter. Aberdeen Group plc owned approximately 0.11% of Kinder Morgan worth $66,581,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Horizon Investments LLC lifted its holdings in Kinder Morgan by 5.3% during the 1st quarter. Horizon Investments LLC now owns 27,817 shares of the pipeline company's stock worth $785,000 after buying an additional 1,389 shares in the last quarter. Trivium Point Advisory LLC lifted its stake in shares of Kinder Morgan by 7.3% in the 1st quarter. Trivium Point Advisory LLC now owns 23,912 shares of the pipeline company's stock valued at $682,000 after purchasing an additional 1,619 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in shares of Kinder Morgan by 84.0% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 48,280 shares of the pipeline company's stock valued at $1,377,000 after purchasing an additional 22,045 shares during the period. William B. Walkup & Associates Inc. lifted its stake in shares of Kinder Morgan by 1.2% in the 1st quarter. William B. Walkup & Associates Inc. now owns 130,265 shares of the pipeline company's stock valued at $3,716,000 after purchasing an additional 1,587 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Kinder Morgan by 0.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 91,895 shares of the pipeline company's stock valued at $2,622,000 after purchasing an additional 785 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KMI shares. 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. Stifel Nicolaus raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Scotiabank raised their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Finally, Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating for the company. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.1950 during mid-day trading on Wednesday, hitting $26.5950. 10,519,978 shares of the company's stock were exchanged, compared to its average volume of 14,587,632. Kinder Morgan, Inc. has a 52 week low of $20.56 and a 52 week high of $31.48. The firm has a market cap of $59.10 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78. 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 stock's 50-day simple moving average is $27.69 and its 200-day simple moving average is $27.35.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The company's revenue 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, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is currently 95.90%.

Insider Activity

In related news, Director Amy W. Chronis bought 2,759 shares of the firm's stock in a transaction on Monday, July 28th. The shares were purchased at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the purchase, the director owned 34,764 shares in the company, valued at $945,928.44. This represents a 8.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,842 shares of company stock valued at $3,896,180. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Company 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.