Uniplan Investment Counsel Inc. Reduces Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Uniplan Investment Counsel Inc. reduced its stock position in Kinder Morgan, Inc. by 3.7% in Q1, now holding 310,894 shares valued at approximately $8.87 million.
• Kinder Morgan declared a quarterly dividend of $0.2925, representing an annualized yield of 4.4% with a dividend payout ratio of 95.90%.
• Analysts have a consensus rating of "Moderate Buy" for Kinder Morgan, with an average price target of $31.20, reflecting positive sentiment on the stock's potential growth.

Uniplan Investment Counsel Inc. decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,894 shares of the pipeline company's stock after selling 11,960 shares during the period. Uniplan Investment Counsel Inc.'s holdings in Kinder Morgan were worth $8,870,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KMI. Brighton Jones LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at $308,000. Balyasny Asset Management L.P. increased its position in Kinder Morgan by 168.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 54,983 shares of the pipeline company's stock valued at $1,507,000 after acquiring an additional 34,499 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Kinder Morgan by 254.9% in the fourth quarter. CoreCap Advisors LLC now owns 24,946 shares of the pipeline company's stock valued at $684,000 after acquiring an additional 17,917 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Kinder Morgan by 53.3% in the 4th quarter. Colonial Trust Co SC now owns 3,007 shares of the pipeline company's stock worth $82,000 after acquiring an additional 1,046 shares during the last quarter. Finally, First Manhattan CO. LLC. purchased a new position in shares of Kinder Morgan during the 4th quarter worth about $248,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Down 0.5%

Shares of Kinder Morgan stock opened at $26.57 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The stock has a market cap of $59.04 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.12 and a beta of 0.81. The firm's 50-day moving average is $27.37 and its two-hundred day moving average is $27.33. Kinder Morgan, Inc. has a 1 year low of $20.56 and a 1 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 the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the firm earned $0.26 EPS. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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 $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Insider Transactions at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the business'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 completion of the transaction, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. The trade was a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,842 shares of company stock worth $3,387,500. 12.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KMI shares. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wells Fargo & Company upped their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Stifel Nicolaus lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Finally, Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan 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.

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