Kinder Morgan, Inc. $KMI is Orbis Allan Gray Ltd's 4th Largest Position

Key Points

• Orbis Allan Gray Ltd has reduced its position in Kinder Morgan, Inc. ($KMI) by 3.1%, now holding approximately 21.96 million shares, which represents 3.6% of its total portfolio.
• Several analysts have upgraded their price targets for Kinder Morgan, with Barclays setting a new target of $32.00 and JPMorgan increasing theirs to $32.00 as well, reflecting a positive outlook on the stock.
• Kinder Morgan reported a quarterly earnings per share (EPS) of $0.28, matching consensus estimates, and saw a 13.2% increase in revenue year-over-year, totaling $4.04 billion.

Orbis Allan Gray Ltd lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,964,323 shares of the pipeline company's stock after selling 702,743 shares during the period. Kinder Morgan comprises about 3.6% of Orbis Allan Gray Ltd's investment portfolio, making the stock its 4th biggest position. Orbis Allan Gray Ltd owned 0.99% of Kinder Morgan worth $626,642,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KMI. Vanguard Group Inc. lifted its holdings in Kinder Morgan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after buying an additional 1,302,794 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after buying an additional 5,529,065 shares during the period. Deutsche Bank AG lifted its holdings in Kinder Morgan by 2.0% in the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock worth $428,018,000 after buying an additional 290,653 shares during the period. Kayne Anderson Capital Advisors LP lifted its holdings in Kinder Morgan by 5.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock worth $307,741,000 after buying an additional 553,395 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kinder Morgan by 22.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,195,545 shares of the pipeline company's stock worth $224,556,000 after buying an additional 1,512,083 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMI. TD Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating for the company. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a report on Monday, July 7th. Finally, Barclays reiterated an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and an average price target of $31.20.

Kinder Morgan Price Performance

NYSE KMI traded down $0.27 during trading on Tuesday, hitting $26.72. 10,940,188 shares of the stock traded hands, compared to its average volume of 14,525,361. The firm has a 50-day simple moving average of $27.53 and a 200-day simple moving average of $27.34. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-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 market capitalization of $59.36 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 3.41 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 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 period in the previous year, the firm earned $0.26 earnings per share. 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. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan's payout ratio is 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total value of $171,414.80. Following the completion of the transaction, the vice president owned 232,034 shares in the company, valued at approximately $6,450,545.20. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares in the company, valued at approximately $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. Insiders sold 139,842 shares of company stock valued at $3,896,180 in the last 90 days. 12.73% of the stock is currently owned by corporate insiders.

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.