Intech Investment Management LLC Purchases 69,014 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Intech Investment Management LLC increased its holdings in Kinder Morgan by 86.1%, acquiring an additional 69,014 shares to own a total of 149,155 shares valued at approximately $4.25 million.
• Kinder Morgan's recent quarterly earnings report showed $4.04 billion in revenue, exceeding analysts' expectations, with an earnings per share (EPS) of $0.28.
• The company declared a quarterly dividend of $0.2925 per share, translating to an annualized yield of 4.2%, indicating a high dividend payout ratio of 95.90%.

Intech Investment Management LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 86.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,155 shares of the pipeline company's stock after acquiring an additional 69,014 shares during the period. Intech Investment Management LLC's holdings in Kinder Morgan were worth $4,255,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays reiterated an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research note on Monday, July 7th. TD Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Scotiabank increased their price objective 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. Finally, Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $31.20.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director owned 34,764 shares in the company, valued at approximately $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 accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction that occurred on 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 directly owned 225,868 shares of the company's stock, valued at approximately $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 90 days. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

Shares of KMI stock traded down $0.21 during trading hours on Monday, hitting $27.37. 9,550,999 shares of the company were exchanged, compared to its average volume of 11,600,910. The firm has a fifty day simple moving average of $27.20 and a 200 day simple moving average of $27.37. 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 $21.30 and a 52-week high of $31.48. The stock has a market capitalization of $60.82 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 3.24 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) 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 analyst estimates of $3.75 billion. During the same quarter last year, the business posted $0.26 EPS. Kinder Morgan's quarterly revenue 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. Research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

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.