Ilmarinen Mutual Pension Insurance Co Has $11.98 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its stake in Kinder Morgan, Inc. by 3.4%, selling 15,000 shares to hold a total of 420,000 shares valued at approximately $11.98 million.
• Insider trading activity indicates significant share sales, with VP John W. Schlosser and CFO David Patrick Michels selling thousands of shares recently, leading to a total of 128,008 shares sold by insiders in the last three months.
• Kinder Morgan shares have shown resilience, recently trading at $26.64, with the company announcing a quarterly dividend of $0.2925 per share, representing a 4.4% dividend yield.

Ilmarinen Mutual Pension Insurance Co trimmed its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 420,000 shares of the pipeline company's stock after selling 15,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Kinder Morgan were worth $11,983,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Morton Capital Management LLC CA increased its position in Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after buying an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after purchasing an additional 378 shares during the last quarter. Signaturefd LLC grew its position in shares of Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after purchasing an additional 381 shares during the last quarter. Aspiriant LLC grew its position in shares of Kinder Morgan by 1.7% in the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares during the last quarter. Finally, Presima Securities ULC grew its position in shares of Kinder Morgan by 0.9% in the first quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company's stock valued at $1,335,000 after purchasing an additional 396 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KMI shares. Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research report on Monday, July 7th. Finally, Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Insider Buying and Selling

In related news, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the 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. Insiders sold 128,008 shares of company stock worth $3,553,982 in the last ninety days. Insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

NYSE KMI traded up $0.01 on Friday, hitting $27.58. 8,664,933 shares of the company's stock were exchanged, compared to its average volume of 11,850,534. The stock has a 50-day moving average of $27.22 and a 200-day moving average of $27.35. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 52 week low of $20.97 and a 52 week high of $31.48. The stock has a market cap of $61.28 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 3.23 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results 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 return on equity of 8.31% and a net margin of 17.06%.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 prior year, the company earned $0.26 earnings per share. The company'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. Analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $0.2925 dividend. 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 dividend payout ratio is presently 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.