Kinder Morgan, Inc. $KMI Shares Sold by FPR Partners LLC

Key Points

• FPR Partners LLC reduced its holdings in Kinder Morgan, Inc. by 46.8%, selling 2,530,000 shares, leaving the firm with 2,872,891 shares valued at approximately $81.96 million.
• Analysts have given Kinder Morgan a consensus rating of "Moderate Buy" with an average target price of $31.20, following upgrades from various research firms.
• The company recently announced a quarterly dividend of $0.2925 per share, resulting in an annualized dividend yield of 4.4%.

FPR Partners LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 46.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,872,891 shares of the pipeline company's stock after selling 2,530,000 shares during the quarter. Kinder Morgan accounts for 14.1% of FPR Partners LLC's holdings, making the stock its 3rd biggest holding. FPR Partners LLC owned approximately 0.13% of Kinder Morgan worth $81,964,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KMI. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth $308,000. TD Waterhouse Canada Inc. boosted its stake in Kinder Morgan by 9.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 14,876 shares of the pipeline company's stock valued at $408,000 after buying an additional 1,248 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in Kinder Morgan by 8.5% in the fourth quarter. OneDigital Investment Advisors LLC now owns 48,414 shares of the pipeline company's stock valued at $1,327,000 after buying an additional 3,805 shares in the last quarter. MGO One Seven LLC boosted its stake in Kinder Morgan by 277.5% in the fourth quarter. MGO One Seven LLC now owns 74,151 shares of the pipeline company's stock valued at $2,032,000 after buying an additional 54,506 shares in the last quarter. Finally, Syon Capital LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at about $871,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. Stifel Nicolaus lifted their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating on the stock. Finally, Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Kinder Morgan Trading Down 0.6%

Shares of KMI traded down $0.1520 during mid-day trading on Friday, reaching $26.6680. 13,028,814 shares of the company were exchanged, compared to its average volume of 15,957,200. Kinder Morgan, Inc. has a 52 week low of $20.56 and a 52 week high of $31.48. 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 market capitalization of $59.26 billion, a PE ratio of 21.86, a PEG ratio of 3.38 and a beta of 0.78. The business has a 50 day simple moving average of $27.64 and a two-hundred day simple moving average of $27.33.

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, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company earned $0.26 earnings per share. The firm's revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, 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 was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is presently 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan 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 disclosure for this sale can be found here. Insiders sold a total of 139,842 shares of company stock valued at $3,896,180 in the last 90 days. Company insiders own 12.73% of the company's stock.

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.