Chickasaw Capital Management LLC Grows Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Chickasaw Capital Management LLC increased its stake in Kinder Morgan, Inc. by 1.4% during the 2nd quarter, holding 814,138 shares valued at approximately $23.9 million.
• Prominent hedge funds, including Vanguard and Goldman Sachs, also increased their positions in Kinder Morgan, with investment boosts of up to 37.5%.
• The company's recent earnings report showed a 13.2% increase in quarterly revenue year-over-year, meeting consensus EPS estimates of $0.28.

Chickasaw Capital Management LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 814,138 shares of the pipeline company's stock after purchasing an additional 10,998 shares during the quarter. Kinder Morgan makes up approximately 1.0% of Chickasaw Capital Management LLC's holdings, making the stock its 16th biggest position. Chickasaw Capital Management LLC's holdings in Kinder Morgan were worth $23,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KMI. Vanguard Group Inc. increased its holdings in Kinder Morgan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after acquiring an additional 1,302,794 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after acquiring an additional 5,529,065 shares in the last quarter. Deutsche Bank AG increased its holdings in Kinder Morgan by 2.0% in the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock worth $428,018,000 after acquiring an additional 290,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Kinder Morgan by 19.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company's stock worth $380,145,000 after acquiring an additional 2,144,307 shares in the last quarter. Finally, Amundi increased its holdings in Kinder Morgan by 8.0% in the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock worth $353,785,000 after acquiring an additional 943,023 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KMI shares. TD Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Wells Fargo & Company increased 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. Barclays reaffirmed an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a report on Thursday, August 14th. Finally, Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a report on Monday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Insider Activity

In other 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 Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction on 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 disclosure for this sale can be found here. In the last three months, insiders sold 128,008 shares of company stock valued at $3,553,982. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 1.3%

NYSE KMI opened at $27.56 on Thursday. 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 company has a fifty day moving average of $27.18 and a two-hundred day moving average of $27.37. The firm has a market capitalization of $61.24 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.19 and a beta of 0.81. Kinder Morgan, Inc. has a 52 week low of $21.45 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company 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%. Kinder Morgan's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. 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 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) 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.

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