Bank of Hawaii Decreases Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Bank of Hawaii has reduced its shareholding in Kinder Morgan, Inc. by 30.9% in the first quarter, now owning 22,457 shares valued at approximately $641,000.
• Several institutional investors have recently increased their stakes in Kinder Morgan, with a majority of the stock, 62.52%, now owned by hedge funds and other institutional investors.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, translating to an annual yield of 4.4%, with a payout ratio of 95.90%.

Bank of Hawaii reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 30.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,457 shares of the pipeline company's stock after selling 10,037 shares during the quarter. Bank of Hawaii's holdings in Kinder Morgan were worth $641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth $308,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Kinder Morgan by 4.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 69,741 shares of the pipeline company's stock valued at $1,911,000 after acquiring an additional 2,802 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Kinder Morgan by 16.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 389,588 shares of the pipeline company's stock worth $10,675,000 after acquiring an additional 56,147 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in Kinder Morgan by 2.0% during the fourth quarter. Beacon Pointe Advisors LLC now owns 435,324 shares of the pipeline company's stock worth $11,928,000 after acquiring an additional 8,626 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Kinder Morgan by 8.3% during the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after acquiring an additional 1,608,499 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the sale, the president directly owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. 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. 12.73% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on KMI. Scotiabank lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday, August 14th. Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a report on Monday, July 7th. Finally, Barclays reaffirmed an "overweight" rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.20.

Kinder Morgan Stock Down 0.6%

NYSE:KMI opened at $26.6680 on Monday. The company has a market cap of $59.26 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month 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. The stock has a fifty day simple moving average of $27.64 and a 200-day simple moving average of $27.33.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last 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. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan's payout ratio is presently 95.90%.

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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