Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Mirae Asset Global Investments increased its stake in Kinder Morgan by 8.6%, owning 264,264 shares worth approximately $7.77 million.
• Insider transactions saw VP John W. Schlosser and CFO David Patrick Michels selling a combined total of over 46,000 shares, reflecting a significant decrease in their ownership percentages.
• Kinder Morgan reported $4.04 billion in quarterly revenue and has a dividend yield of 4.1%, with an annual dividend of $1.17 per share.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,264 shares of the pipeline company's stock after buying an additional 20,981 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Kinder Morgan were worth $7,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Alhambra Investment Management LLC raised its position in shares of Kinder Morgan by 2.3% during the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company's stock worth $468,000 after purchasing an additional 363 shares during the last quarter. Morton Capital Management LLC CA increased its stake in Kinder Morgan by 1.0% during 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 in the last quarter. QTR Family Wealth LLC raised its holdings in shares of Kinder Morgan by 2.7% during the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company's stock valued at $423,000 after acquiring an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after acquiring an additional 378 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after acquiring an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the transaction, the vice president owned 225,868 shares of the company's stock, valued at $6,098,436. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 in the last 90 days. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $28.50 on Monday. The firm has a 50 day simple moving average of $27.27 and a 200-day simple moving average of $27.46. The stock has a market cap of $63.32 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78. 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, Inc. has a 1-year low of $23.06 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts' consensus estimates of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. Weiss Ratings restated a "buy (b)" rating on shares of Kinder Morgan in a report on Saturday, September 27th. Morgan Stanley boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 1st. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an "outperform" rating and a $32.00 target price on the stock. Finally, Barclays restated an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $31.25.

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.

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