Erste Asset Management GmbH Takes $681,000 Position in Kinder Morgan, Inc. $KMI

Key Points

• Erste Asset Management GmbH has acquired a new position in Kinder Morgan, purchasing 24,000 shares valued at approximately $681,000.
• Insider transactions include Director Amy W. Chronis buying 2,759 shares valued at over $75,000, while EVP Dax Sanders sold 30,127 shares for approximately $815,000.
• Recent analyst ratings have raised Kinder Morgan's price targets, with Wells Fargo increasing its target from $33.00 to $34.00, indicating positive sentiment among several research firms.

Erste Asset Management GmbH purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 24,000 shares of the pipeline company's stock, valued at approximately $681,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC lifted its position in shares of Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 788 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $26,000. Morse Asset Management Inc acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. JNBA Financial Advisors raised its position in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after purchasing an additional 870 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director directly owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dax Sanders sold 30,127 shares of the business's 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 sale, the executive vice president directly owned 292,000 shares of the company's stock, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,842 shares of company stock worth $3,896,180. 12.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KMI has been the subject of several research reports. Wells Fargo & Company lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Stifel Nicolaus lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Barclays restated an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. 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 for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Kinder Morgan Stock Down 0.6%

KMI stock opened at $26.6680 on Friday. The stock has a market capitalization of $59.26 billion, a P/E ratio of 21.86, a PEG ratio of 3.39 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48. The company has a 50 day moving average price of $27.64 and a two-hundred day moving average price of $27.33.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan'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 earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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