Kinder Morgan, Inc. $KMI Stock Holdings Lowered by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Kinder Morgan by 2.3% in the first quarter, now holding 638,888 shares worth approximately $18.2 million.
• Several institutional investors have increased their holdings in Kinder Morgan, with notable increases from Sierra Ocean LLC (up 927.1%) and JNBA Financial Advisors (up 669.2%).
• Analyst ratings for Kinder Morgan remain positive, with a consensus rating of "Moderate Buy" and a target price of $31.20, indicating a favorable outlook on the stock.

Lansforsakringar Fondforvaltning AB publ decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 638,888 shares of the pipeline company's stock after selling 15,053 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Kinder Morgan were worth $18,227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Brighton Jones LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $308,000. AQR Capital Management LLC increased its stake in Kinder Morgan by 93.5% during the 4th quarter. AQR Capital Management LLC now owns 1,475,577 shares of the pipeline company's stock worth $40,431,000 after buying an additional 713,001 shares during the period. Rehmann Capital Advisory Group purchased a new stake in Kinder Morgan during the 4th quarter worth $443,000. Parvin Asset Management LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $133,000. Finally, Keel Point LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $237,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.28 during midday trading on Tuesday, hitting $26.70. The company's stock had a trading volume of 6,882,154 shares, compared to its average volume of 14,497,586. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48. The firm's fifty day moving average price is $27.53 and its 200-day moving average price is $27.34. 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 firm has a market cap of $59.34 billion, a P/E ratio of 21.88, a P/E/G ratio of 3.41 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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 business had revenue of $4.04 billion during 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 company's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS 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. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the acquisition, the director directly owned 34,764 shares of the company's stock, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,842 shares of company stock worth $3,896,180 in the last three months. Insiders own 12.73% of the company's stock.

Analyst Ratings Changes

KMI has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Barclays reissued an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Scotiabank raised their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. TD Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $31.20.

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.