Alyeska Investment Group L.P. Purchases Shares of 1,762,725 Kinder Morgan, Inc. $KMI

Key Points

• Alyeska Investment Group L.P. acquired a new stake in Kinder Morgan, purchasing over 1.76 million shares valued at approximately $50.29 million in the first quarter.
• Insider trading activity includes significant sales by executive vice presidents, with Dax Sanders selling over 30,000 shares and Sital K. Mody selling nearly 46,000 shares in August.
• Several analysts have set price targets for Kinder Morgan, with Scotiabank raising its target from $27 to $28 and Barclays maintaining an "overweight" rating with a target of $32.

Alyeska Investment Group L.P. acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,762,725 shares of the pipeline company's stock, valued at approximately $50,291,000. Alyeska Investment Group L.P. owned about 0.08% of Kinder Morgan at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Brighton Jones LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $308,000. Ameriprise Financial Inc. increased its stake in Kinder Morgan by 19.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,159,780 shares of the pipeline company's stock worth $86,570,000 after purchasing an additional 503,687 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Kinder Morgan by 168.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 54,983 shares of the pipeline company's stock worth $1,507,000 after purchasing an additional 34,499 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $2,195,000. Finally, BOKF NA increased its stake in Kinder Morgan by 67.8% during the 4th quarter. BOKF NA now owns 98,444 shares of the pipeline company's stock worth $2,772,000 after purchasing an additional 39,760 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction dated Monday, July 28th. The shares were bought 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 owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,842 shares of company stock valued at $3,387,500. Company insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

KMI stock traded down $0.10 during midday trading on Monday, reaching $26.50. The company had a trading volume of 14,395,853 shares, compared to its average volume of 14,470,516. The company has a market capitalization of $58.87 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.81. The stock has a 50 day moving average price of $27.37 and a 200-day moving average price of $27.34. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48. 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 posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent research reports. Barclays reaffirmed an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Scotiabank upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating for the company. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Friday, July 25th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus target price of $31.20.

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.