Pensionfund Sabic Sells 12,500 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Pensionfund Sabic has reduced its holdings in Kinder Morgan, Inc. by 16.7%, selling 12,500 shares to own a total of 62,500 shares valued at approximately $1.78 million.
• Despite Sabic's sell-off, other institutional investors like Sierra Ocean LLC and JNBA Financial Advisors have significantly increased their stakes in Kinder Morgan, indicating a mixed investment sentiment.
• Kinder Morgan recently reported quarterly earnings that met estimates, with revenue rising 13.2% year-over-year, and it maintains a dividend yield of 4.2% from its quarterly dividend of $0.2925.

Pensionfund Sabic lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,500 shares of the pipeline company's stock after selling 12,500 shares during the period. Pensionfund Sabic's holdings in Kinder Morgan were worth $1,783,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KMI. Nuveen LLC bought a new position in Kinder Morgan during the 1st quarter worth about $205,966,000. 59 North Capital Management LP bought a new position in Kinder Morgan during the 1st quarter worth about $195,658,000. Goldman Sachs Group Inc. grew its holdings in shares of Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after acquiring an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after acquiring an additional 3,718,521 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $62,499,000. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KMI shares. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Stifel Nicolaus raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a report on Thursday, August 14th. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Barclays reiterated an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Nine equities 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 presently has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Price Performance

KMI traded down $0.21 during trading on Monday, hitting $27.37. 9,550,999 shares of the stock traded hands, compared to its average volume of 11,600,910. Kinder Morgan, Inc. has a twelve month low of $21.30 and a twelve month high of $31.48. The company has a market cap of $60.82 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 3.24 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. The business has a 50 day moving average price of $27.20 and a 200 day moving average price of $27.37.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The company's 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. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared 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%.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is owned by company 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.