Eagle Global Advisors LLC Decreases Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Eagle Global Advisors LLC has decreased its holdings in Kinder Morgan, Inc. by 5.0% in the second quarter, now owning 966,150 shares valued at approximately $28.4 million.
• Institutional investors now own 62.52% of Kinder Morgan's stock, with significant recent investments from firms like Nuveen LLC and Goldman Sachs Group Inc.
• Research analysts have given Kinder Morgan a consensus rating of "Moderate Buy" with an average price target of $31.06, following multiple upgrades from various research firms.

Eagle Global Advisors LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 966,150 shares of the pipeline company's stock after selling 50,340 shares during the quarter. Kinder Morgan accounts for about 1.1% of Eagle Global Advisors LLC's holdings, making the stock its 21st biggest holding. Eagle Global Advisors LLC's holdings in Kinder Morgan were worth $28,405,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Nuveen LLC purchased a new stake in shares of Kinder Morgan during the 1st quarter worth $205,966,000. 59 North Capital Management LP bought a new stake in shares of Kinder Morgan during the first quarter valued at about $195,658,000. Goldman Sachs Group Inc. raised its position in Kinder Morgan by 37.5% in the first 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. Assenagon Asset Management S.A. boosted its position in Kinder Morgan by 212.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after acquiring an additional 3,718,521 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $68,124,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KMI. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Wells Fargo & Company increased 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. Stifel Nicolaus boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Thursday, August 14th. Finally, Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.06.

Insider Buying and Selling at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock valued at $3,553,982 in the last 90 days. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $28.21 on Friday. 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 firm has a 50 day moving average of $27.15 and a two-hundred day moving average of $27.42. The stock has a market capitalization of $62.68 billion, a PE ratio of 23.12, a P/E/G ratio of 3.28 and a beta of 0.81. Kinder Morgan, Inc. has a 52 week low of $21.61 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business's quarterly revenue 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. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm 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 4.1%. 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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