Dimensional Fund Advisors LP Sells 374,453 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Dimensional Fund Advisors LP reduced its stake in Kinder Morgan by 2.3%, owning approximately 16 million shares valued at $457.7 million after selling 374,453 shares in the first quarter.
• Several institutional investors increased their holdings in Kinder Morgan, with Goldman Sachs raising its stake by 37.5%, while Vanguard Group boosted its shares by 0.6%.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, representing a 4.4% dividend yield with a payout ratio of 95.90%.

Dimensional Fund Advisors LP decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,044,709 shares of the pipeline company's stock after selling 374,453 shares during the period. Dimensional Fund Advisors LP owned 0.72% of Kinder Morgan worth $457,720,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 valued at $5,824,367,000 after purchasing an additional 1,302,794 shares during the period. Northern Trust Corp lifted its holdings in shares of Kinder Morgan by 8.3% during the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after acquiring an additional 1,608,499 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Kinder Morgan by 37.5% during 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 during the period. Deutsche Bank AG raised its position in Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after purchasing an additional 290,653 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its stake in Kinder Morgan by 5.4% during the first quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock worth $307,741,000 after purchasing an additional 553,395 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other news, EVP Dax Sanders sold 30,127 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the sale, the executive vice president directly owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction 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 sale, the vice president owned 232,034 shares of the company's stock, valued at approximately $6,450,545.20. This trade represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,842 shares of company stock valued at $3,896,180 over the last 90 days. 12.73% of the stock is owned by company insiders.

Kinder Morgan Trading Up 0.5%

NYSE KMI traded up $0.1320 on Tuesday, reaching $26.3620. The company had a trading volume of 12,161,969 shares, compared to its average volume of 14,613,268. The firm has a market cap of $58.58 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 3.36 and a beta of 0.78. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $31.48. The business has a 50 day moving average of $27.71 and a two-hundred day moving average of $27.36. 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 posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan's dividend payout ratio is 95.90%.

Analyst Ratings Changes

A number of equities analysts have recently commented on KMI shares. Wells Fargo & Company boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research report on Monday, July 7th. Barclays restated an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating on the stock. Finally, Scotiabank increased their price objective 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. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

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.