Strs Ohio Acquires Shares of 871,287 Kinder Morgan, Inc. $KMI

Key Points

• Strs Ohio recently acquired a significant new stake in Kinder Morgan, purchasing 871,287 shares valued at approximately $24.86 million in the first quarter.
• Wall Street analysts are optimistic, with nine analysts giving a Buy rating for Kinder Morgan and setting a consensus price target of $31.20.
• Kinder Morgan also reported a quarterly earnings result of $0.28 EPS, which met analysts' estimates, and announced a $0.2925 quarterly dividend with a yield of 4.2%.

Strs Ohio acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 871,287 shares of the pipeline company's stock, valued at approximately $24,858,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Morton Capital Management LLC CA boosted its stake in shares of Kinder Morgan by 1.0% in the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after purchasing an additional 377 shares during the period. Frank Rimerman Advisors LLC boosted its stake in shares of Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after purchasing an additional 378 shares during the period. Signaturefd LLC boosted its stake in shares of Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after purchasing an additional 381 shares during the period. Aspiriant LLC boosted its stake in shares of Kinder Morgan by 1.7% in the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares during the period. Finally, Presima Securities ULC boosted its stake in shares of Kinder Morgan by 0.9% in the first quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company's stock valued at $1,335,000 after purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction that occurred on Friday, August 1st. The shares were 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. Insiders sold a total of 128,008 shares of company stock valued at $3,553,982 in the last 90 days. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

KMI traded up $0.19 on Thursday, reaching $27.76. The company had a trading volume of 4,338,494 shares, compared to its average volume of 14,265,053. The company has a fifty day moving average of $27.18 and a 200-day moving average of $27.37. The company has a market capitalization of $61.67 billion, a P/E ratio of 22.75, a PEG ratio of 3.19 and a beta of 0.81. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a one year low of $21.45 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. Kinder Morgan's 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, equities research analysts anticipate 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. 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 dividend on an annualized basis and a dividend yield of 4.2%. Kinder Morgan's payout ratio is currently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Barclays reaffirmed an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Scotiabank upped 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. Wells Fargo & Company upped their price target 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. Finally, Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

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.