Aptus Capital Advisors LLC Decreases Position in Kinder Morgan, Inc. $KMI

Key Points

• Aptus Capital Advisors LLC reduced its stake in Kinder Morgan, Inc. by 41.7% in Q1, now holding 42,173 shares valued at approximately $1.20 million after selling 30,109 shares.
• Kinder Morgan's quarterly revenue increased by 13.2% year-over-year, reaching $4.04 billion, alongside earnings of $0.28 per share, matching analysts' expectations.
• The company announced a quarterly dividend of $0.2925 per share, representing an annual yield of 4.4% and a payout ratio of 95.90%.

Aptus Capital Advisors LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 41.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,173 shares of the pipeline company's stock after selling 30,109 shares during the quarter. Aptus Capital Advisors LLC's holdings in Kinder Morgan were worth $1,203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMI. Nuveen LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter worth about $205,966,000. Goldman Sachs Group Inc. increased 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 purchasing an additional 5,529,065 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Kinder Morgan by 212.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after purchasing an additional 3,718,521 shares during the last quarter. Blackstone Inc. grew its position in Kinder Morgan by 435.0% in the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after acquiring an additional 3,543,670 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in Kinder Morgan in the 4th quarter valued at about $62,499,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KMI. Royal Bank Of Canada lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Barclays reaffirmed an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Scotiabank lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company 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 issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and a consensus target price of $31.20.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the purchase, the director directly owned 34,764 shares in the company, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,842 shares of company stock valued at $3,896,180 over the last 90 days. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Down 0.6%

Shares of KMI traded down $0.1520 during midday trading on Friday, hitting $26.6680. The company had a trading volume of 13,028,814 shares, compared to its average volume of 16,066,490. The company's 50-day simple moving average is $27.64 and its 200-day simple moving average is $27.33. 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 has a market capitalization of $59.26 billion, a P/E ratio of 21.86, a P/E/G ratio of 3.38 and a beta of 0.78. Kinder Morgan, Inc. has a 1 year low of $20.56 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

About Kinder Morgan

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.