Alliancebernstein L.P. Boosts Stock Holdings in Kinder Morgan, Inc. $KMI

Alliancebernstein L.P. raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,183,112 shares of the pipeline company's stock after buying an additional 17,448 shares during the period. Alliancebernstein L.P. owned about 0.10% of Kinder Morgan worth $62,284,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KMI. Banque Transatlantique SA raised its stake in shares of Kinder Morgan by 40,130.0% during the first quarter. Banque Transatlantique SA now owns 4,023 shares of the pipeline company's stock valued at $106,000 after acquiring an additional 4,013 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Kinder Morgan by 37.9% during the first quarter. AQR Capital Management LLC now owns 2,034,831 shares of the pipeline company's stock valued at $57,789,000 after acquiring an additional 559,254 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Kinder Morgan by 7.5% during the first quarter. Advisors Asset Management Inc. now owns 247,656 shares of the pipeline company's stock valued at $7,066,000 after acquiring an additional 17,369 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Kinder Morgan during the first quarter valued at about $50,291,000. Finally, Amundi raised its stake in shares of Kinder Morgan by 8.0% during the first quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock valued at $353,785,000 after acquiring an additional 943,023 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating 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 objective for the company in a research note on Friday, July 25th. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Trading Up 0.5%

KMI stock traded up $0.13 during trading on Thursday, reaching $27.51. The company had a trading volume of 6,865,969 shares, compared to its average volume of 14,394,854. Kinder Morgan, Inc. has a 52 week low of $20.72 and a 52 week high of $31.48. The company has a market cap of $61.12 billion, a P/E ratio of 22.56, a PEG ratio of 3.13 and a beta of 0.81. The business has a 50 day moving average of $27.25 and a 200 day moving average of $27.33. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid 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 4.3%. Kinder Morgan's dividend payout ratio (DPR) is currently 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.