MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kinder Morgan, Inc. by 4.7% during Q1, now holding over 8.5 million shares valued at approximately $244.8 million.
• Kinder Morgan reported earnings of $0.28 per share for the last quarter, meeting analysts' expectations, with revenues rising 13.2% year-over-year to $4.04 billion.
• The company announced a quarterly dividend of $0.2925 per share, reflecting a 4.4% yield, while the dividend payout ratio is at 95.9%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,580,323 shares of the pipeline company's stock after acquiring an additional 384,778 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.39% of Kinder Morgan worth $244,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KMI. Morton Capital Management LLC CA increased its holdings in shares of Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after buying an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock worth $1,396,000 after buying an additional 378 shares during the last quarter. Signaturefd LLC boosted its stake in Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after buying an additional 381 shares during the period. Aspiriant LLC raised its stake in shares of Kinder Morgan by 1.7% in the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after acquiring an additional 396 shares during the period. Finally, Sowell Financial Services LLC boosted its stake in shares of Kinder Morgan by 0.5% during the 1st quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insiders Place Their Bets

In related news, Director Amy W. Chronis bought 2,759 shares of the company's stock in a transaction on Monday, July 28th. The shares were bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction 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 sale, the executive vice president owned 292,000 shares of the company's stock, 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. 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 corporate insiders.

Kinder Morgan Stock Up 0.6%

Shares of NYSE:KMI traded up $0.16 during trading on Tuesday, reaching $26.64. The stock had a trading volume of 10,958,074 shares, compared to its average volume of 14,454,779. 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 company has a market capitalization of $59.20 billion, a P/E ratio of 21.84, a PEG ratio of 3.12 and a beta of 0.81. The firm's 50-day simple moving average is $27.31 and its 200 day simple moving average is $27.34. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. 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 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays reiterated an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Friday, July 25th. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a report on Monday, July 7th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Finally, TD Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.