Credit Agricole S A Has $18.91 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Credit Agricole S A increased its investment in Kinder Morgan by 27.2%, owning 662,907 shares worth approximately $18.91 million as of the latest SEC filing.
• Kinder Morgan reported a Q2 EPS of $0.28, matching analysts' estimates, with revenue of $4.04 billion, surpassing expectations of $3.75 billion.
• The company declared a quarterly dividend of $0.2925 per share, reflecting an annual yield of 4.4%.

Credit Agricole S A boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 27.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 662,907 shares of the pipeline company's stock after buying an additional 141,911 shares during the quarter. Credit Agricole S A's holdings in Kinder Morgan were worth $18,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Morton Capital Management LLC CA lifted its stake in shares of Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after purchasing an additional 377 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of Kinder Morgan by 0.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after purchasing an additional 378 shares during the period. Diligent Investors LLC lifted its stake in shares of Kinder Morgan by 1.5% in the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after purchasing an additional 381 shares during the period. Signaturefd LLC lifted its stake in shares of Kinder Morgan by 1.8% in the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after purchasing an additional 381 shares during the period. Finally, Aspiriant LLC lifted its stake in shares of Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $26.3620 on Wednesday. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48. The firm has a market capitalization of $58.58 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 3.30 and a beta of 0.78. The business has a 50-day simple moving average of $27.69 and a 200 day simple moving average of $27.35. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates 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 return on equity of 8.31% and a net margin of 17.06%.The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's payout ratio is currently 95.90%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research note on Monday, July 7th. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Stifel Nicolaus boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Royal Bank Of Canada boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Finally, Barclays reaffirmed an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.20.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total transaction of $171,414.80. Following the completion of the sale, the vice president directly owned 232,034 shares of the company's stock, valued at approximately $6,450,545.20. The trade was a 2.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares of the company's stock, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 139,842 shares of company stock worth $3,896,180. Company insiders own 12.73% of the company's stock.

Kinder Morgan 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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