Baird Financial Group Inc. Sells 15,485 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Baird Financial Group Inc. reduced its stake in Kinder Morgan by 2.1%, selling 15,485 shares, bringing its total holdings to 714,736 shares valued at approximately $20.39 million.
• Several institutional investors, including Vanguard and Goldman Sachs, increased their holdings in Kinder Morgan, with Goldman Sachs boosting its stake by 37.5%.
• Kinder Morgan reported a quarterly earnings per share (EPS) of $0.28, meeting analysts' expectations, while its revenue surged by 13.2% year-over-year to $4.04 billion.

Baird Financial Group Inc. trimmed its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 714,736 shares of the pipeline company's stock after selling 15,485 shares during the period. Baird Financial Group Inc.'s holdings in Kinder Morgan were worth $20,391,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Kinder Morgan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock valued at $5,824,367,000 after acquiring an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after acquiring an additional 5,529,065 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Kinder Morgan by 2.0% in the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after acquiring an additional 290,653 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Kinder Morgan by 5.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock valued at $307,741,000 after purchasing an additional 553,395 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kinder Morgan by 22.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,195,545 shares of the pipeline company's stock valued at $224,556,000 after purchasing an additional 1,512,083 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on KMI shares. Wolfe Research upgraded 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. Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating for the company. Stifel Nicolaus lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Barclays restated an "overweight" rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Wells Fargo & Company lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Stock Performance

Shares of KMI opened at $26.98 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The stock has a 50-day moving average of $27.53 and a 200-day moving average of $27.34. The company has a market cap of $59.95 billion, a PE ratio of 22.12, a P/E/G ratio of 3.41 and a beta of 0.81. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The company 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%.The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced 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 was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total value of $171,414.80. Following the completion of the sale, the vice president directly owned 232,034 shares in the company, valued at $6,450,545.20. This trade represents a 2.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the transaction, the chief financial officer owned 159,428 shares of the company's stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,842 shares of company stock worth $3,896,180 over the last 90 days. 12.73% of the stock is owned by company insiders.

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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