Coppell Advisory Solutions LLC Has $362,000 Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Coppell Advisory Solutions LLC increased its holdings in Kinder Morgan, Inc. by 1,394.5% during the first quarter, now owning 12,703 shares valued at $362,000.
• Several institutional investors, including Vanguard Group and Goldman Sachs, also increased their stakes in Kinder Morgan, which is now 62.52% owned by institutional investors.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, representing a 4.4% yield, while reporting a 13.2% year-over-year increase in revenue during its latest quarter.

Coppell Advisory Solutions LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1,394.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,703 shares of the pipeline company's stock after buying an additional 11,853 shares during the period. Coppell Advisory Solutions LLC's holdings in Kinder Morgan were worth $362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Kinder Morgan by 0.6% in the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock valued at $5,824,367,000 after acquiring an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $578,628,000 after purchasing an additional 5,529,065 shares in the last quarter. Deutsche Bank AG boosted its position in Kinder Morgan by 2.0% during the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after buying an additional 290,653 shares during the period. Amundi lifted its position in shares of 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 purchasing an additional 943,023 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its stake in shares of Kinder Morgan by 5.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock worth $307,741,000 after acquiring an additional 553,395 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the transaction, the vice president directly owned 225,868 shares of the company's stock, valued at approximately $6,098,436. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,008 shares of company stock worth $3,553,982 over the last 90 days. Corporate insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. TD Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Stifel Nicolaus lifted 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. JPMorgan Chase & Co. upped 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, Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $26.50 on Tuesday. The firm has a market capitalization of $58.87 billion, a P/E ratio of 21.72, a PEG ratio of 3.12 and a beta of 0.81. 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 50 day moving average price of $27.31 and a 200 day moving average price of $27.34. Kinder Morgan, Inc. has a 52 week low of $20.56 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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 analyst estimates of $3.75 billion. During the same period last year, the firm posted $0.26 EPS. Kinder Morgan's revenue for the quarter 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. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's 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.

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