Glenview Trust co Invests $519,000 in Kinder Morgan, Inc. $KMI

Key Points

• Glenview Trust Co. has invested approximately $519,000 in Kinder Morgan, acquiring 18,189 shares of the pipeline company during the first quarter.
• Kinder Morgan's quarterly earnings report showed an EPS of $0.28, matching analysts' expectations, with revenue increasing by 13.2% year-over-year.
• The company declared a quarterly dividend of $0.2925 per share, representing a dividend yield of 4.2%, with a payout ratio of 95.90%.

Glenview Trust co purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,189 shares of the pipeline company's stock, valued at approximately $519,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake 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 last quarter. Deutsche Bank AG boosted its stake 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 worth $428,018,000 after acquiring an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kinder Morgan by 19.2% during 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 worth $380,145,000 after acquiring an additional 2,144,307 shares during the last quarter. Finally, Amundi lifted its stake in shares of Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock valued at $353,785,000 after buying an additional 943,023 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $27.56 on Friday. The company's 50-day moving average price is $27.24 and its 200-day moving average price is $27.34. Kinder Morgan, Inc. has a twelve month low of $20.72 and a twelve month high of $31.48. 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 cap of $61.24 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.21 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 EPS for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the company earned $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, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors 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 dividend on an annualized basis and a dividend yield of 4.2%. Kinder Morgan's payout ratio is currently 95.90%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KMI shares. Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. Barclays reiterated an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. Wolfe Research upgraded shares of 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, Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Nine 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 has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Insider Activity

In related news, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the transaction, the vice president owned 225,868 shares in the company, valued at $6,098,436. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 in the last 90 days. Company insiders own 12.73% of the company's stock.

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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