ABN Amro Investment Solutions Has $6.01 Million Holdings in Kinder Morgan, Inc. $KMI

Key Points

• ABN Amro Investment Solutions increased its Kinder Morgan stake by 52.8% in the second quarter, adding 65,005 shares to hold 188,104 shares worth approximately $6.01 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan reported stronger-than-expected quarterly results, with EPS of $0.37 versus the $0.31 consensus and revenue of $4.48 billion, up 10.8% year over year.
• The company declared a quarterly dividend of $0.2975, equivalent to $1.19 annually and a 3.7% yield. Analysts have a consensus “Hold” rating and an average price target of $35.50.

ABN Amro Investment Solutions grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 52.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,104 shares of the pipeline company's stock after buying an additional 65,005 shares during the period. ABN Amro Investment Solutions' holdings in Kinder Morgan were worth $6,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $1,132,125,000. AQR Capital Management LLC boosted its position in Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company's stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Merewether Investment Management LP bought a new position in Kinder Morgan during the second quarter worth $138,477,000. Zimmer Partners LP increased its holdings in shares of Kinder Morgan by 177.8% in the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company's stock valued at $171,845,000 after purchasing an additional 3,885,000 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Kinder Morgan in the fourth quarter valued at $85,364,000. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares of the company's stock, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,432 shares of company stock worth $493,849. Company insiders own 12.72% of the company's stock.

Kinder Morgan Price Performance

KMI stock opened at $32.14 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The firm has a market cap of $71.57 billion, a P/E ratio of 20.60, a P/E/G ratio of 2.57 and a beta of 0.54. The company's 50-day moving average price is $31.97 and its two-hundred day moving average price is $32.23.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.54 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan's dividend payout ratio (DPR) is currently 76.28%.

Analysts Set New Price Targets

KMI has been the subject of a number of research reports. Wolfe Research cut shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 21st. UBS Group reiterated a "buy" rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. Morgan Stanley set a $38.00 price target on shares of Kinder Morgan in a report on Wednesday, July 29th. Jefferies Financial Group restated a "hold" rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.50.

Kinder Morgan Profile

Kinder Morgan NYSE: KMI is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company's assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan's operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source