IFM Investors Pty Ltd Sells 101,974 Shares of Kinder Morgan, Inc. $KMI

Key Points

• IFM Investors Pty Ltd has reduced its stake in Kinder Morgan, Inc. by 17.5%, selling 101,974 shares during the first quarter, bringing its total holdings to 479,415 shares worth approximately $13.68 million.
• In the same quarter, several institutional investors, including Nuveen LLC and Goldman Sachs, increased their positions in Kinder Morgan, with Goldman Sachs raising its stake by 37.5%.
• Kinder Morgan recently declared a quarterly dividend of $0.2925 per share, translating to an annual yield of 4.3%, and has set FY 2025 guidance for earnings per share at $1.270.

IFM Investors Pty Ltd decreased its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 479,415 shares of the pipeline company's stock after selling 101,974 shares during the period. IFM Investors Pty Ltd's holdings in Kinder Morgan were worth $13,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMI. Nuveen LLC bought a new position in Kinder Morgan in the 1st quarter valued at approximately $205,966,000. 59 North Capital Management LP bought a new position in shares of Kinder Morgan during the first quarter valued at $195,658,000. Goldman Sachs Group Inc. raised its stake 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 valued at $578,628,000 after acquiring an additional 5,529,065 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Kinder Morgan by 212.5% during the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after acquiring an additional 3,718,521 shares during the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Kinder Morgan during the fourth quarter valued at $62,499,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Up 2.6%

KMI opened at $27.33 on Thursday. Kinder Morgan, Inc. has a twelve month low of $20.56 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 fifty day moving average of $27.25 and a 200-day moving average of $27.33. The stock has a market cap of $60.72 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 3.13 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the prior year, the company posted $0.26 earnings per share. Kinder Morgan'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, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KMI shares. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Barclays reaffirmed an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price target for the company. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Friday, July 25th. Finally, Scotiabank raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Insiders Place Their Bets

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the firm's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction 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 $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is currently owned by corporate insiders.

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.

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