BROOKFIELD Corp ON Lowers Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• BROOKFIELD Corp ON reduced its stake in Kinder Morgan, Inc. by 19.7%, selling 510,488 shares during the first quarter, leaving it with approximately 0.09% ownership valued at $59,260,000.
• Kinder Morgan's recent quarterly earnings met expectations with earnings per share of $0.28, and the company reported a 13.2% increase in revenue year-over-year, totaling $4.04 billion.
• The company has declared a quarterly dividend of $0.2925 per share, resulting in an annual yield of 4.2% and a payout ratio of 95.90%.

BROOKFIELD Corp ON lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 19.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,077,117 shares of the pipeline company's stock after selling 510,488 shares during the period. BROOKFIELD Corp ON owned 0.09% of Kinder Morgan worth $59,260,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. lifted its position in shares of Kinder Morgan by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock valued at $183,793,000 after acquiring an additional 794,388 shares during the period. Burney Co. lifted its position in shares of Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after acquiring an additional 252,736 shares during the period. Aberdeen Group plc lifted its position in shares of Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after acquiring an additional 609,748 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Kinder Morgan by 402.5% during the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock valued at $1,124,000 after acquiring an additional 31,553 shares during the period. Finally, Siemens Fonds Invest GmbH lifted its position in shares of Kinder Morgan by 127.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 27,978 shares of the pipeline company's stock valued at $767,000 after acquiring an additional 15,662 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president directly owned 225,868 shares of the company's stock, valued at $6,098,436. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sital K. Mody sold 45,549 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,008 shares of company stock valued at $3,553,982. Insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KMI. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Scotiabank boosted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research note on Monday, July 7th. JPMorgan Chase & Co. boosted their price target 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. Finally, Barclays restated an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $31.20.

Kinder Morgan Stock Up 0.0%

Shares of NYSE KMI traded up $0.01 during trading on Friday, hitting $27.58. The stock had a trading volume of 8,664,933 shares, compared to its average volume of 11,600,910. Kinder Morgan, Inc. has a 12 month low of $20.97 and a 12 month high of $31.48. 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 company has a market capitalization of $61.28 billion, a PE ratio of 22.61, a PEG ratio of 3.24 and a beta of 0.81. The firm has a fifty day moving average of $27.22 and a two-hundred day moving average of $27.37.

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 (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business 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. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's payout ratio is 95.90%.

Kinder Morgan Company 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.