Advisors Asset Management Inc. Has $7.07 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Advisors Asset Management Inc. increased its stake in Kinder Morgan by 7.5%, purchasing an additional 17,369 shares to hold a total of 247,656 shares valued at $7,066,000.
• Several other institutional investors also adjusted their positions in Kinder Morgan, with Alyeska Investment Group L.P. acquiring a new stake worth $50,291,000 during the same quarter.
• Kinder Morgan recently paid a quarterly dividend of $0.2925 per share, representing an annualized yield of 4.4% with a high payout ratio of 95.90%.

Advisors Asset Management Inc. boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 247,656 shares of the pipeline company's stock after acquiring an additional 17,369 shares during the quarter. Advisors Asset Management Inc.'s holdings in Kinder Morgan were worth $7,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KMI. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 788 shares during the period. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $26,000. Morse Asset Management Inc bought a new stake in Kinder Morgan during the fourth quarter worth about $27,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $29,000. Finally, JNBA Financial Advisors grew its stake 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 buying an additional 870 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.41 during trading hours on Tuesday, reaching $26.89. 3,405,212 shares of the company were exchanged, compared to its average volume of 14,409,317. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $31.48. The stock's fifty day moving average is $27.31 and its two-hundred day moving average is $27.34. The company has a market cap of $59.74 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 3.12 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.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its 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 net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business earned $0.26 earnings per share. Kinder Morgan's quarterly 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. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research note on Monday, July 7th. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Friday, July 25th. TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the acquisition, the director directly owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This represents a 8.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock valued at $3,553,982 over the last three months. 12.73% of the stock is owned by 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.