SCS Capital Management LLC Takes $286,000 Position in Kinder Morgan, Inc. $KMI

Key Points

• SCS Capital Management LLC has acquired a new stake in Kinder Morgan, purchasing 10,008 shares valued at approximately $286,000 during the first quarter.
• Institutional investors and hedge funds own 62.52% of Kinder Morgan's stock, with notable increases in holdings by several firms such as UBS AM and Empowered Funds LLC.
• Analysts have set a consensus target price of $31.20 for Kinder Morgan, with a rating of "Moderate Buy," reflecting confidence in the company's performance and recent earnings growth.

SCS Capital Management LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,008 shares of the pipeline company's stock, valued at approximately $286,000.

Other hedge funds also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kinder Morgan by 19.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company's stock valued at $380,145,000 after buying an additional 2,144,307 shares during the last quarter. Woodline Partners LP raised its holdings in Kinder Morgan by 40.7% in the 1st quarter. Woodline Partners LP now owns 163,318 shares of the pipeline company's stock valued at $4,659,000 after buying an additional 47,244 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Kinder Morgan in the 1st quarter valued at approximately $18,046,000. Empowered Funds LLC raised its holdings in Kinder Morgan by 94.9% in the 1st quarter. Empowered Funds LLC now owns 435,399 shares of the pipeline company's stock valued at $12,422,000 after buying an additional 212,004 shares during the last quarter. Finally, Northeast Financial Consultants Inc raised its holdings in Kinder Morgan by 3.1% in the 1st quarter. Northeast Financial Consultants Inc now owns 13,360 shares of the pipeline company's stock valued at $381,000 after buying an additional 400 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on KMI shares. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a report on Monday, July 7th. Wells Fargo & Company raised their price objective 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. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a report on Thursday, August 14th. Scotiabank raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Finally, Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating for the company. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction that occurred 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 owned 225,868 shares of the company's stock, valued at $6,098,436. This trade represents a 2.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,008 shares of company stock worth $3,553,982. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 0.0%

Kinder Morgan stock opened at $27.58 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a 52-week low of $20.97 and a 52-week high of $31.48. The firm has a 50 day moving average price of $27.22 and a two-hundred day moving average price of $27.35. The firm has a market cap of $61.28 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.23 and a beta of 0.81.

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, hitting the consensus estimate of $0.28. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan's dividend payout ratio (DPR) 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.

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