Kinder Morgan, Inc. $KMI Shares Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. increased its stake in Kinder Morgan, owning 1,833,836 shares, valued at approximately $53.9 million, signaling growing institutional interest in the company.
• Kinder Morgan reported a quarterly EPS of $0.28, meeting expectations, and its revenue increased by 13.2% year-over-year, totaling $4.04 billion.
• The company declared a quarterly dividend of $0.2925 per share with a yield of 4.1%, although its dividend payout ratio stands at 95.90%, indicating a high level of earnings allocated to dividends.

Fort Washington Investment Advisors Inc. OH lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,833,836 shares of the pipeline company's stock after purchasing an additional 26,939 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.08% of Kinder Morgan worth $53,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. increased its position in shares of Kinder Morgan by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after purchasing an additional 794,388 shares in the last quarter. Burney Co. increased its position in shares of Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after purchasing an additional 252,736 shares in the last quarter. Aberdeen Group plc increased its position in Kinder Morgan by 35.2% in the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after acquiring an additional 609,748 shares during the period. AdvisorNet Financial Inc increased its position in Kinder Morgan by 402.5% in the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock valued at $1,124,000 after acquiring an additional 31,553 shares during the period. Finally, Columbus Macro LLC increased its position in Kinder Morgan by 7.4% in the 1st quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company's stock valued at $9,799,000 after acquiring an additional 23,520 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Trading Up 1.0%

KMI stock opened at $28.21 on Friday. The company has a market cap of $62.68 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.31 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 business has a fifty day simple moving average of $27.15 and a 200-day simple moving average of $27.43. Kinder Morgan, Inc. has a 52 week low of $21.61 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released 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 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%.The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio is 95.90%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KMI shares. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price target on the stock. Scotiabank lowered their price objective on Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a report on Friday, September 19th. Stifel Nicolaus boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Wells Fargo & Company lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $31.06.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,759 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sital K. Mody sold 45,549 shares of the company's stock in a transaction on Friday, August 1st. The stock was 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. Insiders sold 128,008 shares of company stock worth $3,553,982 in the last quarter. Insiders own 12.73% of the company's stock.

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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