Diversified Trust Co Has $1.65 Million Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Diversified Trust Co increased its investment in Kinder Morgan, Inc. by 166.7% during Q2, now holding 56,003 shares valued at approximately $1.65 million.
• Kinder Morgan's stock received multiple upgrades from analysts, with Wolfe Research setting a target price of $31.00 and Barclays increasing their target to $32.00.
• The company reported a net margin of 17.06% and year-over-year revenue growth of 13.2% in Q2, with earnings per share meeting consensus estimates at $0.28.

Diversified Trust Co grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 166.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,003 shares of the pipeline company's stock after buying an additional 35,004 shares during the quarter. Diversified Trust Co's holdings in Kinder Morgan were worth $1,647,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Sierra Ocean LLC grew its holdings in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after buying an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $26,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $29,000. JNBA Financial Advisors grew its stake in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after purchasing an additional 870 shares in the last quarter. Finally, Grove Bank & Trust grew its stake in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,078 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI traded down $0.23 during mid-day trading on Monday, reaching $27.20. The company had a trading volume of 9,822,571 shares, compared to its average volume of 11,540,258. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The company has a market capitalization of $60.43 billion, a P/E ratio of 22.29, a P/E/G ratio of 3.22 and a beta of 0.81. Kinder Morgan, Inc. has a twelve month low of $21.61 and a twelve month high of $31.48. The company's 50-day moving average is $27.17 and its 200-day moving average is $27.39.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations 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 was up 13.2% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued 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 presently 95.90%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research reports. BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday. They issued an "outperform" rating and a $32.00 price objective on the stock. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Barclays reissued an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Scotiabank dropped their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Friday. Finally, Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Friday, July 25th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and a consensus target price of $31.06.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis bought 2,759 shares of the stock in a transaction dated 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 purchase, the director owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total value 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.

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.