Ameliora Wealth Management Ltd. Takes $265,000 Position in Kinder Morgan, Inc. $KMI

Key Points

• Ameliora Wealth Management Ltd. acquired a new stake in Kinder Morgan, purchasing 9,000 shares valued at approximately $265,000 in the second quarter.
• Major institutional investors like Vanguard and Goldman Sachs have also increased their positions in Kinder Morgan, indicating strong institutional interest in the company.
• Kinder Morgan's stock recently opened at $27.93 with a dividend yield of 4.2% after announcing its latest quarterly earnings, which met expectations.

Ameliora Wealth Management Ltd. bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,000 shares of the pipeline company's stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after buying an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 worth $578,628,000 after buying an additional 5,529,065 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Kinder Morgan by 2.0% during the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock worth $428,018,000 after buying an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Kinder Morgan by 19.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company's stock worth $380,145,000 after buying an additional 2,144,307 shares during the last quarter. Finally, Amundi lifted its position in shares of Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock worth $353,785,000 after buying an additional 943,023 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 2,759 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was bought 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 approximately $945,928.44. This represents a 8.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $1,273,550.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,008 shares of company stock valued at $3,553,982. Corporate insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Wells Fargo & Company upped their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Barclays restated an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. BMO Capital Markets started coverage on Kinder Morgan in a research report on Friday, September 19th. They set an "outperform" rating and a $32.00 price objective for the company. Finally, Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating for the company. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.25.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.93 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $62.06 billion, a PE ratio of 22.89, a P/E/G ratio of 3.35 and a beta of 0.78. Kinder Morgan, Inc. has a 12 month low of $23.06 and a 12 month high of $31.48. The stock has a 50-day moving average price of $27.28 and a two-hundred day moving average price of $27.46.

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 for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

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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