Kinder Morgan, Inc. $KMI Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management reduced its holdings in Kinder Morgan by 14.7%, selling 44,613 shares to hold a total of 259,498 shares valued at approximately $7.63 million.
• Analyst recommendations for Kinder Morgan include upgrades, with Wolfe Research setting a price target of $31.00 and Wells Fargo increasing theirs from $33.00 to $34.00, indicating a consensus of "Moderate Buy."
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, which results in an annual yield of 4.3%, while its dividend payout ratio stands at 95.90%.

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 14.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,498 shares of the pipeline company's stock after selling 44,613 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Kinder Morgan were worth $7,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. KMG Fiduciary Partners LLC raised its stake in shares of Kinder Morgan by 3.3% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 109,018 shares of the pipeline company's stock valued at $3,205,000 after buying an additional 3,515 shares during the last quarter. Sunflower Bank N.A. raised its stake in shares of Kinder Morgan by 8.2% during the 2nd quarter. Sunflower Bank N.A. now owns 11,268 shares of the pipeline company's stock valued at $331,000 after buying an additional 858 shares during the last quarter. Chickasaw Capital Management LLC raised its stake in shares of Kinder Morgan by 1.4% during the 2nd quarter. Chickasaw Capital Management LLC now owns 814,138 shares of the pipeline company's stock valued at $23,936,000 after buying an additional 10,998 shares during the last quarter. Gilman Hill Asset Management LLC raised its stake in shares of Kinder Morgan by 5.8% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 211,103 shares of the pipeline company's stock valued at $6,206,000 after buying an additional 11,533 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in shares of Kinder Morgan by 43.8% during the 2nd quarter. Pallas Capital Advisors LLC now owns 30,540 shares of the pipeline company's stock valued at $898,000 after buying an additional 9,300 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

KMI has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Barclays reiterated an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Morgan Stanley set a $32.00 target price on Kinder Morgan in a research report on Thursday. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Finally, Scotiabank dropped their target price on Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Friday. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.06.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated 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. The trade was a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock worth $3,553,982 in the last quarter. 12.73% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.21 during trading on Friday, reaching $27.46. 20,818,468 shares of the company's stock traded hands, compared to its average volume of 11,150,739. Kinder Morgan, Inc. has a fifty-two week low of $21.45 and a fifty-two week 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 cap of $61.02 billion, a PE ratio of 22.51, a P/E/G ratio of 3.22 and a beta of 0.81. The company has a 50-day simple moving average of $27.17 and a 200-day simple moving average of $27.38.

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 (EPS) for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous 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, 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 disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.3%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is presently 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.