Kinder Morgan, Inc. $KMI Shares Acquired by Argentarii LLC

Key Points

• Argentarii LLC increased its stake in Kinder Morgan by 18.8% during the second quarter, owning 98,889 shares valued at approximately $2.9 million, making it the 20th largest holding in its portfolio.
• Insider trading activities included Director Amy W. Chronis purchasing 2,759 shares while CFO David Patrick Michels sold 40,000 shares, leading to a 20.06% decrease in his ownership.
• Kinder Morgan reported a 13.2% revenue increase year-over-year, with earnings per share meeting consensus estimates at $0.28 for the quarter, and has declared a quarterly dividend yielding 4.3%.

Argentarii LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,889 shares of the pipeline company's stock after purchasing an additional 15,636 shares during the quarter. Kinder Morgan accounts for approximately 1.3% of Argentarii LLC's portfolio, making the stock its 20th largest holding. Argentarii LLC's holdings in Kinder Morgan were worth $2,907,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Morton Capital Management LLC CA grew its stake in 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 valued at $1,084,000 after acquiring an additional 377 shares during the period. Frank Rimerman Advisors LLC grew 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 acquiring an additional 378 shares during the period. Signaturefd LLC grew 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 acquiring an additional 381 shares during the period. Aspiriant LLC grew 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 acquiring an additional 396 shares during the period. Finally, Presima Securities ULC grew 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 acquiring an additional 396 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling

In other news, Director Amy W. Chronis bought 2,759 shares of the company's stock in a transaction 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 transaction, the director directly owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock worth $3,553,982 over the last 90 days. 12.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. TD Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Stifel Nicolaus lifted their target price 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. Scotiabank lowered their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research note on Friday. Finally, Morgan Stanley set a $32.00 target price on shares of Kinder Morgan in a research note on Thursday. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and an average price target of $31.06.

Kinder Morgan Stock Down 0.8%

Shares of KMI opened at $27.20 on Tuesday. The firm has a market cap of $60.43 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 3.22 and a beta of 0.81. Kinder Morgan, Inc. has a 12-month low of $21.61 and a 12-month high of $31.48. The company's 50-day moving average price is $27.14 and its 200 day moving average price is $27.40. 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 (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, meeting the consensus estimate of $0.28. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan's revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's payout ratio is currently 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.

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