Campbell & CO Investment Adviser LLC Invests $2.70 Million in Kinder Morgan, Inc. $KMI

Key Points

• Campbell & CO Investment Adviser LLC acquired 94,606 shares of Kinder Morgan, Inc., valued at approximately $2.7 million, marking a significant investment in the pipeline company in the first quarter.
• Numerous hedge funds have increased their stakes in Kinder Morgan, with notable boosts from Quantitative Investment Management LLC and SVB Wealth LLC, both showcasing confidence in the company's prospects.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, yielding 4.4%, while the company reported a revenue increase of 13.2% year-over-year in its latest earnings release.

Campbell & CO Investment Adviser LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 94,606 shares of the pipeline company's stock, valued at approximately $2,699,000.

Several other institutional investors have also recently made changes to their positions in KMI. Westwood Holdings Group Inc. raised its stake in 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 worth $183,793,000 after acquiring an additional 794,388 shares during the period. Bridgewealth Advisory Group LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $377,000. Burney Co. raised its stake in Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after acquiring an additional 252,736 shares during the period. Aberdeen Group plc grew its holdings in 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 buying an additional 609,748 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in 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 buying an additional 31,553 shares in the last quarter. 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 the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. The trade was a 9.35% 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. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Trading Up 0.6%

Shares of NYSE KMI traded up $0.17 during mid-day trading on Thursday, reaching $27.00. 11,851,714 shares of the company's stock were exchanged, compared to its average volume of 14,550,211. The firm has a market capitalization of $59.98 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 3.37 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a 52-week low of $20.56 and a 52-week high of $31.48. The company's 50-day moving average is $27.58 and its 200-day moving average is $27.32.

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. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the company earned $0.26 EPS. Kinder Morgan's 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. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's payout ratio is presently 95.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KMI shares. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a report on Monday, July 7th. 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 lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. TD Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Finally, Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Friday, July 25th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

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.