Resolution Capital Ltd Sells 14,011 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Resolution Capital Ltd reduced its stake in Kinder Morgan, Inc. by 6.5%, selling 14,011 shares and retaining a total of 201,260 shares, valued at approximately $5.74 million.
• Several institutional investors, including Ameriprise Financial Inc. and Balyasny Asset Management, increased their holdings in Kinder Morgan during the 4th quarter, reflecting growing confidence in the company.
• Kinder Morgan's recent quarterly earnings met expectations, with revenue of $4.04 billion, surpassing analyst estimates, and the company also announced a quarterly dividend of $0.2925 per share, yielding 4.4% annually.

Resolution Capital Ltd lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,260 shares of the pipeline company's stock after selling 14,011 shares during the period. Kinder Morgan accounts for approximately 0.1% of Resolution Capital Ltd's holdings, making the stock its 27th biggest position. Resolution Capital Ltd's holdings in Kinder Morgan were worth $5,742,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KMI. Brighton Jones LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at about $308,000. Ameriprise Financial Inc. boosted its holdings in shares of Kinder Morgan by 19.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,159,780 shares of the pipeline company's stock valued at $86,570,000 after purchasing an additional 503,687 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Kinder Morgan by 168.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 54,983 shares of the pipeline company's stock valued at $1,507,000 after purchasing an additional 34,499 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Kinder Morgan by 254.9% during the 4th quarter. CoreCap Advisors LLC now owns 24,946 shares of the pipeline company's stock valued at $684,000 after purchasing an additional 17,917 shares during the last quarter. Finally, Colonial Trust Co SC boosted its holdings in shares of Kinder Morgan by 53.3% during the 4th quarter. Colonial Trust Co SC now owns 3,007 shares of the pipeline company's stock valued at $82,000 after purchasing an additional 1,046 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

KMI has been the subject of a number of analyst reports. Barclays reaffirmed an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Friday, July 25th. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating for the company. Finally, Scotiabank increased their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Insider Buying and Selling

In other news, Director Amy W. Chronis acquired 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director directly 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 filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total transaction of $171,414.80. Following the completion of the sale, the vice president directly owned 232,034 shares in the company, valued at $6,450,545.20. This trade represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,842 shares of company stock worth $3,387,500 over the last three months. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $26.57 on Friday. 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 $20.56 and a 1-year high of $31.48. The firm has a market capitalization of $59.04 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 3.13 and a beta of 0.81. The company's 50-day moving average is $27.37 and its 200 day moving average is $27.33.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the company posted $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. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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

Kinder Morgan 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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