Kinder Morgan, Inc. $KMI Shares Acquired by Miller Howard Investments Inc. NY

Key Points

• Miller Howard Investments Inc. increased its stake in Kinder Morgan, Inc. by 31.9% in the second quarter, acquiring an additional 411,950 shares, making it the company's 28th biggest holding.
• Kinder Morgan reported a net margin of 17.06% and a year-over-year revenue increase of 13.2% in its latest earnings report, with an EPS matching analyst expectations at $0.28.
• The company has announced a quarterly dividend of $0.2925 per share, reflecting an annualized yield of 4.3% and a dividend payout ratio of 95.90%.

Miller Howard Investments Inc. NY grew its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 31.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,702,682 shares of the pipeline company's stock after acquiring an additional 411,950 shares during the period. Kinder Morgan accounts for 1.6% of Miller Howard Investments Inc. NY's holdings, making the stock its 28th biggest holding. Miller Howard Investments Inc. NY owned about 0.08% of Kinder Morgan worth $50,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Diversified Trust Co lifted its stake in shares of Kinder Morgan by 166.7% during the second quarter. Diversified Trust Co now owns 56,003 shares of the pipeline company's stock worth $1,647,000 after buying an additional 35,004 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Kinder Morgan by 55.5% during the second quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company's stock worth $250,057,000 after purchasing an additional 3,037,095 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Kinder Morgan during the 2nd quarter valued at about $68,124,000. IFM Investors Pty Ltd grew its stake in Kinder Morgan by 5.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 506,084 shares of the pipeline company's stock valued at $14,879,000 after acquiring an additional 26,669 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $65,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

NYSE:KMI traded up $0.45 during trading hours on Tuesday, hitting $27.63. The company's stock had a trading volume of 2,879,377 shares, compared to its average volume of 14,246,638. The stock has a fifty day simple moving average of $27.14 and a 200-day simple moving average of $27.40. Kinder Morgan, Inc. has a twelve month low of $21.61 and a twelve month high of $31.48. The company has a market capitalization of $61.38 billion, a P/E ratio of 22.63, a PEG ratio of 3.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 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 for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm's quarterly revenue 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, analysts anticipate 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. Stockholders of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan's payout ratio is 95.90%.

Insider Buying and Selling

In related news, VP Sital K. Mody sold 45,549 shares of the business's 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 can be accessed through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction dated Monday, August 4th. The shares were 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 of the company's stock, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock valued at $3,553,982 in the last 90 days. Corporate insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Friday, July 25th. Scotiabank lowered their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating for the company in a report on Friday. Finally, Morgan Stanley set a $32.00 target price on shares of Kinder Morgan in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $31.06.

Kinder Morgan 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.