State of Alaska Department of Revenue Has $6.37 Million Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• The State of Alaska Department of Revenue reduced its holdings in Kinder Morgan, Inc. by 4.3%, owning 216,812 shares valued at approximately $6.37 million.
• Insiders sold a total of 128,008 shares worth approximately $3.55 million in the past 90 days, with VP John W. Schlosser selling 6,166 shares at $27.00 each.
• Analysts have a consensus rating of "Moderate Buy" for Kinder Morgan, with price targets ranging from $29.00 to $34.00.

State of Alaska Department of Revenue decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,812 shares of the pipeline company's stock after selling 9,735 shares during the period. State of Alaska Department of Revenue's holdings in Kinder Morgan were worth $6,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KMI. Westwood Holdings Group Inc. lifted its position in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after buying an additional 794,388 shares during the last quarter. Burney Co. lifted its position in shares of Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after buying an additional 252,736 shares during the last quarter. Aberdeen Group plc lifted its position in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock worth $66,581,000 after buying an additional 609,748 shares during the last quarter. Columbus Macro LLC lifted its position in shares of Kinder Morgan by 7.4% in the first quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company's stock worth $9,799,000 after buying an additional 23,520 shares during the last quarter. Finally, Eagle Global Advisors LLC lifted its position in shares of Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company's stock worth $29,000,000 after buying an additional 137,030 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the sale, the vice president directly owned 225,868 shares in the company, valued at approximately $6,098,436. This represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Sital K. Mody sold 45,549 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,008 shares of company stock worth $3,553,982. Insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. TD Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price target for the company. Stifel Nicolaus boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Morgan Stanley set a $32.00 price objective on Kinder Morgan in a research report on Thursday, September 18th. BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They set an "outperform" rating and a $32.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.06.

Kinder Morgan Trading Up 1.0%

Shares of KMI opened at $28.21 on Monday. Kinder Morgan, Inc. has a 12-month low of $21.61 and a 12-month high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $62.68 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 3.31 and a beta of 0.81. The stock's 50-day moving average price is $27.15 and its 200 day moving average price is $27.44.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $3.75 billion. During the same period in the previous year, the company posted $0.26 earnings per share. The company's quarterly revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is currently 95.90%.

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.

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