Kinder Morgan, Inc. $KMI Shares Acquired by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in Kinder Morgan, Inc. by 2.2%, owning approximately 3.6% of the company, which is its 6th largest position.
• In Q1, Kinder Morgan reported a revenue of $4.04 billion, exceeding analyst estimates of $3.75 billion, marking a 13.2% year-over-year increase.
• The company announced a quarterly dividend of $0.2925 per share, equating to an annualized yield of 4.3%, with a payout ratio of 95.90%.

Energy Income Partners LLC raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,630,501 shares of the pipeline company's stock after purchasing an additional 145,896 shares during the quarter. Kinder Morgan accounts for about 3.6% of Energy Income Partners LLC's investment portfolio, making the stock its 6th largest position. Energy Income Partners LLC owned approximately 0.30% of Kinder Morgan worth $189,168,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC lifted its holdings in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in Kinder Morgan during the fourth quarter valued at $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan during the fourth quarter valued at $27,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan during the fourth quarter valued at $29,000. Finally, JNBA Financial Advisors increased 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 acquiring an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction dated Monday, July 28th. The shares were acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the acquisition, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total value of $171,414.80. Following the sale, the vice president directly owned 232,034 shares of the company's stock, valued at $6,450,545.20. The trade was a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,842 shares of company stock worth $3,387,500 in the last ninety days. Company insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KMI shares. TD Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded up $0.02 during midday trading on Thursday, hitting $26.75. The company had a trading volume of 12,948,170 shares, compared to its average volume of 14,463,002. The stock has a market cap of $59.43 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 3.41 and a beta of 0.81. 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 simple moving average of $27.46 and a 200 day simple moving average of $27.33. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) 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.