UniSuper Management Pty Ltd Lowers Position in Kinder Morgan, Inc. $KMI

Key Points

• UniSuper Management Pty Ltd has reduced its stake in Kinder Morgan, Inc. by 37.7%, selling 376,554 shares and retaining 622,948 shares worth approximately $17.77 million.
• Insider transactions include Dax Sanders, EVP, selling 30,127 shares valued at $814,935.35, while director Amy W. Chronis purchased 2,759 shares for approximately $75,072.
• Analysts have recently raised price targets for Kinder Morgan, with a consensus target price of $31.20 and nine analysts rating it as a buy.

UniSuper Management Pty Ltd reduced its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 37.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 622,948 shares of the pipeline company's stock after selling 376,554 shares during the period. UniSuper Management Pty Ltd's holdings in Kinder Morgan were worth $17,773,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Nuveen LLC bought a new position in Kinder Morgan during the 1st quarter valued at approximately $205,966,000. 59 North Capital Management LP bought a new position in shares of Kinder Morgan in the 1st quarter worth approximately $195,658,000. Goldman Sachs Group Inc. lifted its stake 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. boosted its position in shares of Kinder Morgan by 212.5% during the first 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 in the last quarter. Finally, Zimmer Partners LP purchased a new stake in Kinder Morgan in the fourth quarter worth $62,499,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.18 during trading on Thursday, reaching $27.56. 11,015,555 shares of the company traded hands, compared to its average volume of 14,421,481. The firm has a 50 day simple moving average of $27.25 and a 200-day simple moving average of $27.33. Kinder Morgan, Inc. has a 52-week low of $20.72 and a 52-week high of $31.48. The stock has a market capitalization of $61.24 billion, a PE ratio of 22.59, a P/E/G ratio of 3.13 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.

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, 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 company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The firm's revenue for the quarter 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. 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 paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Stifel Nicolaus raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday, August 14th. TD Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Friday, July 25th. Finally, Barclays reiterated an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction dated Monday, July 28th. The shares were acquired at an average cost of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 128,008 shares of company stock valued at $3,553,982 in the last 90 days. 12.73% of the stock is owned by company insiders.

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.