Acadian Asset Management LLC Raises Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Acadian Asset Management LLC significantly increased its holdings in Kinder Morgan, Inc. by 170.9%, owning 329,789 shares valued at approximately $9.4 million by the end of the first quarter.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have also made notable investments or increased their stakes in Kinder Morgan recently, indicating strong institutional interest in the stock.
• Kinder Morgan recently reported quarterly earnings that hit consensus estimates at $0.28 EPS, with revenues up 13.2% compared to the same quarter last year, and announced a $0.2925 quarterly dividend with a yield of 4.2%.

Acadian Asset Management LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 170.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 329,789 shares of the pipeline company's stock after purchasing an additional 208,067 shares during the period. Acadian Asset Management LLC's holdings in Kinder Morgan were worth $9,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMI. Nuveen LLC bought a new position in shares of Kinder Morgan during the 1st quarter valued at $205,966,000. 59 North Capital Management LP bought a new position in shares of Kinder Morgan during the 1st quarter valued at $195,658,000. Goldman Sachs Group Inc. lifted its holdings in shares of Kinder Morgan by 37.5% during 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 buying an additional 5,529,065 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Kinder Morgan by 212.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after buying an additional 3,718,521 shares during the period. Finally, Zimmer Partners LP bought a new position in shares of Kinder Morgan during the 4th quarter valued at $62,499,000. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMI. Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating on the stock. Morgan Stanley set a $34.00 price target on Kinder Morgan in a report on Monday, July 7th. 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 report on Friday, July 25th. Scotiabank raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Finally, Stifel Nicolaus raised their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $27.58 on Friday. Kinder Morgan, Inc. has a one year low of $20.97 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock has a market cap of $61.28 billion, a P/E ratio of 22.61, a P/E/G ratio of 3.23 and a beta of 0.81. The stock's fifty day moving average is $27.22 and its 200 day moving average is $27.35.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business posted $0.26 EPS. Kinder Morgan'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. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio is presently 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the transaction, the vice president owned 225,868 shares of the company's stock, valued at approximately $6,098,436. The trade was a 2.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,008 shares of company stock worth $3,553,982 in the last three months. 12.73% of the stock is owned by company insiders.

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.

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