Kinder Morgan, Inc. $KMI Shares Acquired by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has increased its stake in Kinder Morgan, Inc. by 16.2% to a total of 721,477 shares, valued at approximately $20.58 million.
• Several institutional investors, including Goldman Sachs and Assenagon Asset Management, have significantly increased their holdings in Kinder Morgan during the first quarter, indicating strong institutional interest.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, translating to an annual yield of 4.4% as of the last dividend payment date.

Great Lakes Advisors LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 16.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 721,477 shares of the pipeline company's stock after buying an additional 100,723 shares during the quarter. Great Lakes Advisors LLC's holdings in Kinder Morgan were worth $20,584,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Morton Capital Management LLC CA lifted its position in shares of Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after purchasing an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock worth $1,396,000 after purchasing an additional 378 shares in the last quarter. Signaturefd LLC lifted its position in shares of Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after purchasing an additional 381 shares in the last quarter. Aspiriant LLC lifted its position in shares of Kinder Morgan by 1.7% during the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock worth $677,000 after purchasing an additional 396 shares in the last quarter. Finally, Presima Securities ULC lifted its position in shares of Kinder Morgan by 0.9% during the first quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company's stock worth $1,335,000 after purchasing an additional 396 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analyst Weigh In

KMI has been the topic of several research reports. Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating on the stock. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus upped 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. Finally, Scotiabank upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and a consensus target price of $31.20.

Insider Buying and Selling

In other news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the sale, the vice president directly owned 225,868 shares of the company's stock, valued at $6,098,436. The trade was a 2.66% 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 valued at $3,553,982 over the last three months. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Up 0.0%

Kinder Morgan stock traded up $0.01 during mid-day trading on Friday, hitting $27.58. The company had a trading volume of 8,664,933 shares, compared to its average volume of 11,850,534. The stock has a market cap of $61.28 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.23 and a beta of 0.81. Kinder Morgan, Inc. has a 1 year low of $20.97 and a 1 year 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. The business has a fifty day moving average of $27.22 and a 200 day moving average of $27.35.

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 company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period in the prior 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, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal 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 paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend 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.