Banco Bilbao Vizcaya Argentaria S.A. Grows Position in Kinder Morgan, Inc. $KMI

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Kinder Morgan by 3.2%, holding 589,314 shares valued at $16.81 million as of its latest SEC filing.
• Kinder Morgan's stock has seen a slight rise of 0.5%, trading at around $26.36 with a market cap of $58.58 billion.
• In its recent earnings report, Kinder Morgan reported an EPS of $0.28, matching analyst estimates, and a revenue increase of 13.2% year-over-year.

Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 589,314 shares of the pipeline company's stock after buying an additional 18,240 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Kinder Morgan were worth $16,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Kinder Morgan by 0.6% during the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock valued at $5,824,367,000 after buying an additional 1,302,794 shares during the last quarter. Northern Trust Corp boosted its holdings in Kinder Morgan by 8.3% in the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after purchasing an additional 1,608,499 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Kinder Morgan by 37.5% in the first 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. Deutsche Bank AG boosted its holdings in Kinder Morgan by 2.0% in the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock worth $428,018,000 after purchasing an additional 290,653 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted 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 worth $307,741,000 after purchasing an additional 553,395 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insiders Place Their Bets

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total transaction of $171,414.80. Following the completion of the transaction, the vice president directly owned 232,034 shares of the company's stock, valued at $6,450,545.20. The trade was a 2.59% decrease in their ownership of the stock. 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. Insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KMI shares. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. TD Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Finally, Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. 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, the company presently has an average rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Price Performance

KMI traded down $0.1520 during trading on Friday, hitting $26.6680. 13,028,814 shares of the company traded hands, compared to its average volume of 16,066,490. The company has a market cap of $59.26 billion, a PE ratio of 21.86, a P/E/G ratio of 3.39 and a beta of 0.78. The stock's 50-day simple moving average is $27.64 and its two-hundred day simple moving average is $27.33. Kinder Morgan, Inc. has a 1 year low of $20.56 and a 1 year high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its 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 net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend 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.