MBB Public Markets I LLC Makes New Investment in Kinder Morgan, Inc. $KMI

Key Points

• MBB Public Markets I LLC has purchased a new stake in Kinder Morgan, acquiring 11,357 shares valued at approximately $324,000 during the first quarter.
• Multiple analysts have upgraded their ratings on Kinder Morgan, with JPMorgan raising the price objective from $30 to $32, indicating a generally positive outlook from nine analysts who rate it as a Buy.
• Insider trades showed significant activity, including CFO David Patrick Michels selling 40,000 shares for over $1 million, while company insiders collectively sold 128,008 shares in the last 90 days.

MBB Public Markets I LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,357 shares of the pipeline company's stock, valued at approximately $324,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 0.6% in the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after buying an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after purchasing an additional 5,529,065 shares in the last quarter. Deutsche Bank AG boosted its position in Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock worth $428,018,000 after purchasing an additional 290,653 shares in the last quarter. Amundi boosted its position in Kinder Morgan by 8.0% during the first quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock worth $353,785,000 after purchasing an additional 943,023 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its position in Kinder Morgan by 5.4% during the first quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock worth $307,741,000 after purchasing an additional 553,395 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded up $0.01 during midday 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. Kinder Morgan, Inc. has a twelve month low of $20.97 and a twelve month high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The stock has a market cap of $61.28 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 3.23 and a beta of 0.81. The business's 50-day simple moving average is $27.22 and its 200-day simple moving average is $27.35.

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. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the firm earned $0.26 earnings per share. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMI shares. Scotiabank increased their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Wells Fargo & Company increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Barclays reiterated an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. raised their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $31.20.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction on 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 the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the sale, the vice president directly owned 225,868 shares of the company's stock, valued at approximately $6,098,436. This trade represents a 2.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is currently owned by company insiders.

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.