IFM Investors Pty Ltd Buys 26,669 Shares of Kinder Morgan, Inc. $KMI

Key Points

• IFM Investors Pty Ltd increased its stake in Kinder Morgan, Inc. by 5.6%, holding 506,084 shares worth approximately $14.88 million as of the latest SEC filing.
• Several other institutional investors have significantly increased their positions in Kinder Morgan, indicating growing interest in the stock, which is currently owned 62.52% by hedge funds and other institutions.
• Kinder Morgan announced a quarterly dividend of $0.2925, representing an annualized yield of 4.3%, with a dividend payout ratio of 95.90%.

IFM Investors Pty Ltd grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 506,084 shares of the pipeline company's stock after buying an additional 26,669 shares during the quarter. IFM Investors Pty Ltd's holdings in Kinder Morgan were worth $14,879,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC grew its holdings 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 purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth about $26,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter worth about $29,000. JNBA Financial Advisors grew its position in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after buying an additional 870 shares during the period. Finally, Grove Bank & Trust boosted its position in shares of Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 1,078 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock valued at $3,553,982 over the last three months. Corporate insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KMI shares. Morgan Stanley set a $32.00 target price on shares of Kinder Morgan in a research note on Thursday. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. TD Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Finally, Scotiabank lowered their price target on Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating for the company in a research report on Friday. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.06.

Kinder Morgan Trading Up 1.2%

Shares of Kinder Morgan stock traded up $0.32 during trading on Tuesday, hitting $27.50. The company's stock had a trading volume of 2,040,514 shares, compared to its average volume of 14,241,458. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The stock has a market cap of $61.10 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 3.22 and a beta of 0.81. The stock has a 50-day moving average price of $27.14 and a two-hundred day moving average price of $27.40. Kinder Morgan, Inc. has a 52 week low of $21.61 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (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 company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. The business's 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. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal 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 issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's payout ratio is presently 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.