OMERS ADMINISTRATION Corp Decreases Position in Kinder Morgan, Inc. $KMI

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in Kinder Morgan, Inc. by 14.0%, owning 71,939 shares valued at approximately $2.05 million after selling 11,744 shares during the 1st quarter.
• Hedge fund ownership has increased for Kinder Morgan, with some firms like Sierra Ocean LLC raising their stake by 927.1% during the same period, while 62.52% of the stock is owned by hedge funds and institutional investors.
• Recent analyst reports indicate a generally positive outlook for Kinder Morgan, with a consensus rating of "Moderate Buy" and target prices ranging from $29.00 to $34.00.

OMERS ADMINISTRATION Corp reduced its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,939 shares of the pipeline company's stock after selling 11,744 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Kinder Morgan were worth $2,052,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC grew its holdings in shares of Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan during the 4th quarter worth about $27,000. JNBA Financial Advisors lifted its stake in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after acquiring an additional 870 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter worth about $29,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 0.2%

Shares of NYSE KMI traded down $0.06 during midday trading on Thursday, hitting $26.68. 6,804,413 shares of the company's stock were exchanged, compared to its average volume of 14,449,984. 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 twelve month low of $20.56 and a twelve month high of $31.48. The company has a market cap of $59.27 billion, a PE ratio of 21.86, a P/E/G ratio of 3.41 and a beta of 0.81. The firm's fifty day simple moving average is $27.46 and its 200-day simple moving average is $27.33.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on KMI. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research note on Monday, July 7th. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wells Fargo & Company increased their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating on the stock. Finally, Scotiabank lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Insider Buying and Selling

In related news, Director Amy W. Chronis bought 2,759 shares of the stock in a transaction on Monday, July 28th. The shares were bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the purchase, the director owned 34,764 shares of the company's stock, valued at $945,928.44. This trade represents a 8.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,842 shares of company stock worth $3,387,500. 12.73% of the stock is currently owned by insiders.

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.