Kinder Morgan, Inc. $KMI Stock Holdings Lowered by Guinness Asset Management LTD

Key Points

• Guinness Asset Management LTD has reduced its holdings in Kinder Morgan, Inc. by 18.7%, selling 86,098 shares and bringing its total share ownership to 373,936, valued at approximately $10.65 million.
• In recent analyst updates, Wells Fargo and JPMorgan have raised their price targets for Kinder Morgan, with the consensus rating currently being a "Moderate Buy" and a price target of $31.20.
• Kinder Morgan recently declared a quarterly dividend of $0.2925 per share, translating to an annual yield of 4.2%, despite having a high dividend payout ratio of 95.90%.

Guinness Asset Management LTD reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,936 shares of the pipeline company's stock after selling 86,098 shares during the period. Guinness Asset Management LTD's holdings in Kinder Morgan were worth $10,649,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KMI. Nuveen LLC acquired a new position in Kinder Morgan during the 1st quarter worth $205,966,000. 59 North Capital Management LP acquired a new position in Kinder Morgan during the 1st quarter worth $195,658,000. Goldman Sachs Group Inc. grew its holdings in 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 in the last quarter. Assenagon Asset Management S.A. grew its holdings 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 in the last quarter. Finally, Zimmer Partners LP acquired a new position in Kinder Morgan during the 4th quarter worth $62,499,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis purchased 2,759 shares of the company's stock in a transaction on Monday, July 28th. The shares were bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the transaction, the director owned 34,764 shares of the company's stock, valued at $945,928.44. This represents a 8.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the business'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 sale, the vice president owned 225,868 shares in the company, valued at $6,098,436. This trade 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 three months. Insiders own 12.73% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. 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. TD Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price target for the company. Scotiabank lifted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Finally, Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating for the company. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.01 during midday trading on Friday, reaching $27.58. 8,664,933 shares of the stock traded hands, compared to its average volume of 11,600,910. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average price of $27.22 and a two-hundred day moving average price of $27.37. The firm has a market cap of $61.28 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.24 and a beta of 0.81. Kinder Morgan, Inc. has a fifty-two week low of $20.97 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates 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 was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. 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 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 dividend yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is 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.