Kinder Morgan, Inc. $KMI Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. reduced its ownership in Kinder Morgan, Inc. by 75.9%, leaving them with 17,561 shares valued at approximately $501,000.
• Several hedge funds increased their positions in Kinder Morgan, with Sierra Ocean LLC growing its stake by 927.1% during the same quarter.
• Brokerage firms have set new price targets for Kinder Morgan, with Wells Fargo increasing their target from $33.00 to $34.00 and JPMorgan raising theirs from $30.00 to $32.00.

Nomura Holdings Inc. trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 75.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,561 shares of the pipeline company's stock after selling 55,358 shares during the quarter. Nomura Holdings Inc.'s holdings in Kinder Morgan were worth $501,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Sierra Ocean LLC boosted its position in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after buying an additional 788 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. JNBA Financial Advisors grew its stake in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after purchasing an additional 870 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter worth $29,000. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on 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 sale, the vice president directly owned 225,868 shares in the company, valued at approximately $6,098,436. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction 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 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 a total of 128,008 shares of company stock worth $3,553,982 over the last ninety days. 12.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KMI has been the subject of several research reports. Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating on the stock. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research note on Monday, July 7th. Barclays reissued an "overweight" rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Wells Fargo & Company boosted their price target 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. Finally, TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Stock Up 2.6%

Shares of KMI traded up $0.69 during midday trading on Wednesday, hitting $27.33. 11,961,375 shares of the company's stock traded hands, compared to its average volume of 12,169,455. 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 stock has a market capitalization of $60.72 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 3.13 and a beta of 0.81. 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 is $27.25 and its 200-day moving average is $27.33.

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, hitting 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 for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $0.26 EPS. The firm'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. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan's dividend payout ratio is 95.90%.

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.