Fiduciary Alliance LLC Has $10.69 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Fiduciary Alliance LLC increased its stake in Kinder Morgan, Inc. by 16.4% in Q2, owning 363,542 shares valued at approximately $10.69 million.
• Goldman Sachs raised its position in Kinder Morgan by 37.5%, while other institutions like Vanguard and UBS also reported increases in their holdings during the first quarter.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, translating to an annual yield of 4.3%, with a payout ratio of 95.90%.

Fiduciary Alliance LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 363,542 shares of the pipeline company's stock after purchasing an additional 51,157 shares during the period. Kinder Morgan makes up about 0.8% of Fiduciary Alliance LLC's investment portfolio, making the stock its 24th biggest holding. Fiduciary Alliance LLC's holdings in Kinder Morgan were worth $10,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. Vanguard Group Inc. raised its stake in Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after buying an additional 1,302,794 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after purchasing an additional 5,529,065 shares during the period. Deutsche Bank AG lifted its holdings in shares of Kinder Morgan by 2.0% during the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Kinder Morgan by 19.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company's stock valued at $380,145,000 after purchasing an additional 2,144,307 shares during the period. Finally, Amundi increased its stake in Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock worth $353,785,000 after purchasing an additional 943,023 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on KMI. Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Scotiabank increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Friday, July 25th. Finally, TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the sale, the vice president directly owned 225,868 shares in the company, valued at approximately $6,098,436. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing 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 shares were 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 insiders.

Kinder Morgan Trading Down 0.8%

Shares of KMI stock opened at $27.37 on Tuesday. Kinder Morgan, Inc. has a 12-month low of $21.30 and a 12-month high of $31.48. The firm has a 50 day moving average price of $27.20 and a two-hundred day moving average price of $27.37. 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 company has a market capitalization of $60.82 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.24 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (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 business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the company posted $0.26 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

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.

Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.