Federation des caisses Desjardins du Quebec Has $5.44 Million Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• The Federation des caisses Desjardins du Quebec reduced its holdings in Kinder Morgan, Inc. by 6.1%, owning 190,765 shares worth approximately $5.44 million after selling 12,459 shares in the first quarter.
• Several institutional investors, including Westwood Holdings Group and Burney Co., have increased their stakes in Kinder Morgan significantly, with Westwood raising its holdings by 14.1%.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, representing an annualized yield of 4.4%, with a payout ratio currently at 95.90%.

Federation des caisses Desjardins du Quebec trimmed its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,765 shares of the pipeline company's stock after selling 12,459 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Kinder Morgan were worth $5,443,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Westwood Holdings Group Inc. raised its position in shares of Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock valued at $183,793,000 after acquiring an additional 794,388 shares during the period. Burney Co. increased its stake in Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after purchasing an additional 252,736 shares in the last quarter. Aberdeen Group plc increased its stake in Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock worth $66,581,000 after purchasing an additional 609,748 shares in the last quarter. AdvisorNet Financial Inc increased its stake in Kinder Morgan by 402.5% during the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock worth $1,124,000 after purchasing an additional 31,553 shares in the last quarter. Finally, Siemens Fonds Invest GmbH increased its stake in Kinder Morgan by 127.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 27,978 shares of the pipeline company's stock worth $767,000 after purchasing an additional 15,662 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,759 shares of the business's stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director directly owned 34,764 shares of the company's stock, valued at $945,928.44. This trade represents a 8.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction 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. Over the last ninety days, insiders have sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 1.2%

Shares of NYSE KMI traded up $0.33 during trading hours on Tuesday, hitting $26.81. The company had a trading volume of 3,165,747 shares, compared to its average volume of 14,408,334. The stock has a market capitalization of $59.56 billion, a P/E ratio of 21.97, a price-to-earnings-growth 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. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48. The firm's 50 day moving average is $27.31 and its 200-day moving average is $27.34.

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

Kinder Morgan Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research reports. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating for the company. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Scotiabank raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average 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.