UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 2,144,307 Shares of Kinder Morgan, Inc. $KMI

Key Points

• UBS Asset Management has increased its stake in Kinder Morgan, Inc. by 19.2%, now owning approximately 13.3 million shares valued at around $380 million.
• Kinder Morgan reported a net revenue increase of 13.2% year-over-year for the last quarter, reaching $4.04 billion while meeting earnings per share expectations.
• The company announced a quarterly dividend of $0.2925, yielding about 4.3%, with a payout ratio currently at 95.90%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 19.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,324,387 shares of the pipeline company's stock after purchasing an additional 2,144,307 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.60% of Kinder Morgan worth $380,145,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Kinder Morgan during the first quarter valued at $205,966,000. 59 North Capital Management LP acquired a new stake in Kinder Morgan during the 1st quarter worth about $195,658,000. Goldman Sachs Group Inc. increased its holdings in shares of Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after purchasing an additional 5,529,065 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after purchasing an additional 3,718,521 shares during the period. Finally, Zimmer Partners LP purchased a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $62,499,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $814,935.35. Following the completion of the sale, the executive vice president directly owned 292,000 shares in the company, valued at $7,898,600. This trade represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

KMI stock traded up $0.01 during midday trading on Friday, hitting $27.58. 8,664,933 shares of the company traded hands, compared to its average volume of 11,850,534. Kinder Morgan, Inc. has a twelve month low of $20.97 and a twelve month high of $31.48. The stock has a market capitalization of $61.28 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 3.23 and a beta of 0.81. 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 business has a 50 day simple moving average of $27.22 and a 200-day simple moving average of $27.35.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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. The business had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 dividend on an annualized basis and a yield of 4.2%. Kinder Morgan's payout ratio is currently 95.90%.

Analyst Ratings Changes

Several research analysts have weighed in on KMI shares. Scotiabank upped their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research note on Monday, July 7th. Barclays reissued an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Stifel Nicolaus boosted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Finally, Cowen initiated coverage on Kinder Morgan in a research note 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $31.20.

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.