Kinder Morgan, Inc. $KMI Shares Bought by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Kinder Morgan by 21.8%, owning 257,776 shares valued at approximately $7.58 million after acquiring an additional 46,109 shares in the 2nd quarter.
• Several hedge funds dramatically raised their positions in Kinder Morgan, including Sierra Ocean LLC with a 927.1% increase and Grove Bank & Trust with a 2,913.5% increase in their respective holdings.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, representing a 4.3% yield and a payout ratio of 95.90% as of the last dividend payment on August 15th.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,776 shares of the pipeline company's stock after acquiring an additional 46,109 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Kinder Morgan were worth $7,579,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KMI. Sierra Ocean LLC grew its holdings in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after acquiring an additional 788 shares in the last quarter. JNBA Financial Advisors boosted its holdings in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after buying an additional 870 shares during the period. Cranbrook Wealth Management LLC grew its position in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock valued at $31,000 after buying an additional 562 shares during the last quarter. Grove Bank & Trust raised its stake in Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock worth $32,000 after acquiring an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan during the second quarter worth about $34,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy W. Chronis purchased 2,759 shares of the company's stock in a transaction on Monday, July 28th. The shares were bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares in the company, valued at $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders sold 134,174 shares of company stock worth $3,727,678 in the last three months. Insiders own 12.73% of the company's stock.

Analyst Ratings Changes

KMI has been the topic of several research reports. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating on the stock. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an "outperform" rating and a $32.00 price objective on the stock. Scotiabank dropped their price objective 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, September 19th. Finally, JPMorgan Chase & Co. increased their price objective 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. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.88.

Kinder Morgan Trading Down 1.5%

Shares of NYSE:KMI opened at $27.12 on Monday. The company has a market cap of $60.25 billion, a PE ratio of 22.23, a P/E/G ratio of 3.19 and a beta of 0.78. The company's 50-day moving average price is $27.26 and its 200 day moving average price is $27.44. Kinder Morgan, Inc. has a fifty-two week low of $23.86 and a fifty-two week 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.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 dividend yield of 4.3%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is 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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