Kinder Morgan, Inc. $KMI Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. reduced its stake in Kinder Morgan by 9.2%, owning 905,149 shares valued at approximately $26.6 million after selling 91,532 shares in Q2.
• Insider transactions revealed executive vice president Dax Sanders sold 30,127 shares, leading to a 9.35% decrease in his ownership, while VP John W. Schlosser also sold shares, showing significant insider activity.
• Kinder Morgan's recent quarterly earnings met expectations with a reported EPS of $0.29, and the company also announced a dividend of $0.2925 per share, with a yield of 4.5%.

Asset Management One Co. Ltd. cut its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 905,149 shares of the pipeline company's stock after selling 91,532 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Kinder Morgan were worth $26,611,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Alhambra Investment Management LLC boosted its holdings in shares of Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company's stock worth $468,000 after purchasing an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its holdings in Kinder Morgan by 4.2% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company's stock valued at $276,000 after acquiring an additional 374 shares during the last quarter. QTR Family Wealth LLC boosted its holdings in Kinder Morgan by 2.7% in the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company's stock valued at $423,000 after acquiring an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after acquiring an additional 378 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after acquiring an additional 381 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares of the company's stock, valued at approximately $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $28.17, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,174 shares of company stock valued at $3,727,678. Company insiders own 12.73% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. TD Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Scotiabank reduced their target price 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Finally, Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.13.

Kinder Morgan Trading Down 1.4%

NYSE:KMI opened at $25.88 on Friday. The business's 50-day moving average is $27.28 and its two-hundred day moving average is $27.43. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The firm has a market capitalization of $57.51 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 3.07 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the company posted $0.25 earnings per share. The firm's revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan's payout ratio is presently 95.90%.

Kinder Morgan Company 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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