Kinder Morgan, Inc. $KMI Shares Sold by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC reduced its stake in Kinder Morgan, Inc. by 18.0% in Q1, selling 111,673 shares, while now holding a total of 508,153 shares valued at $14.5 million.
• Recent analyst ratings show a consensus of "Moderate Buy" for Kinder Morgan, with an average price target of $31.20, as nine analysts rated the stock as a buy.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, which results in an annualized yield of 4.4%, alongside a high dividend payout ratio of 95.90%.

Guggenheim Capital LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 508,153 shares of the pipeline company's stock after selling 111,673 shares during the quarter. Guggenheim Capital LLC's holdings in Kinder Morgan were worth $14,498,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter worth $205,966,000. Goldman Sachs Group Inc. boosted its holdings in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after purchasing an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Kinder Morgan by 212.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after purchasing an additional 3,718,521 shares during the period. Blackstone Inc. raised its stake in shares of Kinder Morgan by 435.0% during the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after buying an additional 3,543,670 shares in the last quarter. Finally, Zimmer Partners LP acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $62,499,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMI. Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating on the stock. Barclays restated an "overweight" rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Friday, July 25th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Insider Buying and Selling

In related news, 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 transaction of $1,273,550.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,842 shares of company stock valued at $3,896,180. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $26.84 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $27.58 and a two-hundred day moving average price of $27.32. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month high of $31.48. The company has a market capitalization of $59.63 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company's revenue for the quarter 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. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is presently 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.

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