Kinder Morgan, Inc. $KMI Shares Purchased by Amundi

Key Points

• Amundi has increased its stake in Kinder Morgan by 8.0%, owning 12.76 million shares valued at approximately $353.8 million as of the latest SEC filing.
• Several other major investors, including Westwood Holdings Group and Burney Co., have also significantly increased their holdings in Kinder Morgan during the first quarter.
• Kinder Morgan declared a quarterly dividend of $0.2925, yielding 4.4%, and reported revenue growth of 13.2% year-over-year, amounting to $4.04 billion for the last quarter.

Amundi lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,762,800 shares of the pipeline company's stock after buying an additional 943,023 shares during the quarter. Amundi owned about 0.57% of Kinder Morgan worth $353,785,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KMI. Morton Capital Management LLC CA increased its position in shares of Kinder Morgan by 1.0% during 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 purchasing an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Kinder Morgan by 0.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after purchasing an additional 378 shares during the last quarter. Diligent Investors LLC increased its position in shares of Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after purchasing an additional 381 shares during the last quarter. Signaturefd LLC increased its position in shares of Kinder Morgan by 1.8% during the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after purchasing an additional 381 shares during the last quarter. Finally, Aspiriant LLC increased its position in shares of Kinder Morgan by 1.7% during the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Wells Fargo & Company boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. TD Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. Barclays restated an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Insiders Place Their Bets

In related news, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total value of $171,414.80. Following the transaction, the vice president owned 232,034 shares of the company's stock, valued at approximately $6,450,545.20. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,842 shares of company stock valued at $3,387,500. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Down 0.4%

KMI stock traded down $0.10 during midday trading on Monday, reaching $26.50. The company's stock had a trading volume of 14,395,853 shares, compared to its average volume of 14,470,516. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock has a fifty day simple moving average of $27.37 and a two-hundred day simple moving average of $27.34. Kinder Morgan, Inc. has a 1 year low of $20.56 and a 1 year high of $31.48. The firm has a market capitalization of $58.87 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 3.12 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts predict 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. Shareholders of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

About Kinder Morgan

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.