Kinder Morgan, Inc. $KMI Shares Bought by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly increased its stake in Kinder Morgan, acquiring an additional 340,514 shares during Q1, raising its total holdings to 416,622 shares valued at $11.89 million.
• Several hedge funds, including Sierra Ocean LLC and JNBA Financial Advisors, have also raised their stakes in Kinder Morgan, highlighting increased institutional interest in the company.
• Recent analyst ratings suggest a strong outlook for Kinder Morgan, with target prices ranging from $28.00 to $34.00 and a consensus rating of "Moderate Buy".

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 447.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 416,622 shares of the pipeline company's stock after purchasing an additional 340,514 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Kinder Morgan were worth $11,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. boosted its stake in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock valued at $183,793,000 after purchasing an additional 794,388 shares during the period. Bridgewealth Advisory Group LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $377,000. Burney Co. boosted its stake in shares of Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc boosted its stake in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after purchasing an additional 609,748 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in shares of Kinder Morgan by 402.5% in the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock valued at $1,124,000 after purchasing an additional 31,553 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the company's 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. This trade represents 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 worth $3,896,180 over the last 90 days. Company insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KMI shares. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Barclays reissued an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Finally, Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Kinder Morgan Stock Down 0.6%

Kinder Morgan stock traded down $0.1520 during trading on Friday, reaching $26.6680. The stock had a trading volume of 13,028,814 shares, compared to its average volume of 16,066,490. Kinder Morgan, Inc. has a 52-week low of $20.56 and a 52-week high of $31.48. The business has a 50 day moving average price of $27.64 and a 200 day moving average price of $27.33. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market cap of $59.26 billion, a PE ratio of 21.86, a P/E/G ratio of 3.38 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm's quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared 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 was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan's dividend payout ratio is 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.