Amundi Sells 396,254 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Amundi reduced its Kinder Morgan stake by 2.6%, selling 396,254 shares during the second quarter while retaining 14.7 million shares worth approximately $471.1 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan reported quarterly EPS of $0.37, exceeding the $0.31 analyst estimate, while revenue rose 10.8% year over year to $4.48 billion. The company also maintains a quarterly dividend of $0.2975 per share, equivalent to a 3.8% annualized yield.
• Analyst sentiment is mixed, with eight Buy ratings and ten Hold ratings producing an overall “Hold” consensus and an average price target of $35.50, versus the stock’s reported price of $31.42.

Amundi reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,734,446 shares of the pipeline company's stock after selling 396,254 shares during the quarter. Amundi owned about 0.66% of Kinder Morgan worth $471,060,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Klingman & Associates LLC lifted its position in shares of Kinder Morgan by 3.9% in the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company's stock valued at $285,000 after buying an additional 319 shares during the last quarter. TD Capital Management LLC boosted its stake in shares of Kinder Morgan by 36.0% during the 4th quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company's stock worth $34,000 after acquiring an additional 323 shares during the period. Transamerica Financial Advisors LLC increased its holdings in shares of Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock worth $25,000 after acquiring an additional 328 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Kinder Morgan by 13.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company's stock worth $79,000 after acquiring an additional 329 shares during the last quarter. Finally, Abel Hall LLC raised its stake in Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company's stock valued at $288,000 after acquiring an additional 330 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 0.1%

KMI opened at $31.42 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company has a market capitalization of $69.97 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.22 and a beta of 0.56. The stock has a fifty day moving average of $31.93 and a 200-day moving average of $32.36.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. Kinder Morgan's quarterly revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan's dividend payout ratio (DPR) is currently 76.28%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the transaction, the vice president directly owned 41,743 shares of the company's stock, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KMI has been the subject of several research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Morgan Stanley set a $38.00 price objective on shares of Kinder Morgan in a research report on Wednesday, July 29th. Jefferies Financial Group restated a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Zacks Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan 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.

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