APG Asset Management N.V. Sells 101,953 Shares of Kinder Morgan, Inc. $KMI

Key Points

• APG Asset Management N.V. reduced its stake in Kinder Morgan by 13.9%, selling 101,953 shares and holding 629,612 shares worth approximately $16.6 million as of the latest reporting period.
• Institutional ownership of Kinder Morgan stands at 62.52%, with other hedge funds significantly increasing their stakes, highlighting ongoing interest from institutional investors.
• Kinder Morgan's stock has a consensus rating of "Moderate Buy" among analysts, with target prices ranging from $32.00 to $34.00, reflecting positive sentiment in the market.

APG Asset Management N.V. decreased its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 13.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 629,612 shares of the pipeline company's stock after selling 101,953 shares during the quarter. APG Asset Management N.V.'s holdings in Kinder Morgan were worth $16,629,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KMI. Morton Capital Management LLC CA lifted its holdings in shares of Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after acquiring an additional 377 shares during the period. Frank Rimerman Advisors LLC boosted its position in Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after buying an additional 378 shares in the last quarter. Diligent Investors LLC increased its holdings in shares of Kinder Morgan by 1.5% during the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after buying an additional 381 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Kinder Morgan by 1.8% in the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after acquiring an additional 381 shares in the last quarter. Finally, Aspiriant LLC raised its position in Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KMI shares. Scotiabank raised their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Friday, July 25th. TD Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. Wells Fargo & Company boosted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Barclays restated an "overweight" rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and an average price target of $31.20.

Kinder Morgan Stock Up 0.6%

KMI stock traded up $0.17 during mid-day trading on Thursday, hitting $27.00. 11,851,714 shares of the company were exchanged, compared to its average volume of 14,550,211. 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 quick ratio of 0.53 and a current ratio of 0.68. The firm's 50 day simple moving average is $27.58 and its 200 day simple moving average is $27.32. The firm has a market cap of $59.98 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.37 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the firm posted $0.26 EPS. The firm's revenue 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. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Insider Activity

In other news, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. This trade represents a 20.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total value of $171,414.80. Following the sale, the vice president owned 232,034 shares in the company, valued at approximately $6,450,545.20. This represents a 2.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,842 shares of company stock worth $3,896,180. 12.73% of the stock is currently owned by company insiders.

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.