USS Investment Management Ltd Has $10.90 Million Stake in Kinder Morgan, Inc. $KMI

Key Points

• USS Investment Management Ltd has reduced its stake in Kinder Morgan, Inc. by 52.9%, now holding approximately $10.90 million in the company after selling 428,800 shares.
• Insider transactions saw EVP Dax Sanders and VP Sital K. Mody sell significant amounts of Kinder Morgan shares, contributing to a total of 121,842 shares worth $3.39 million sold by insiders over the past 90 days.
• Kinder Morgan recently announced a quarterly dividend of $0.2925, translating to an annualized dividend yield of 4.4% amidst a debt-to-equity ratio of 0.99.

USS Investment Management Ltd lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 52.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 381,888 shares of the pipeline company's stock after selling 428,800 shares during the period. USS Investment Management Ltd's holdings in Kinder Morgan were worth $10,897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMI. Sierra Ocean LLC lifted its position in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $26,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $27,000. Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $29,000. Finally, JNBA Financial Advisors increased its stake in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 870 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In other news, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction 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 owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the company's stock in a transaction on Friday, August 1st. The stock was 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. 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 insiders.

Kinder Morgan Stock Performance

KMI opened at $26.57 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company's fifty day moving average price is $27.37 and its two-hundred day moving average price is $27.34. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48. The company 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.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan's dividend payout ratio is presently 95.90%.

Wall Street Analysts Forecast Growth

KMI has been the subject of several research analyst reports. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research note on Monday, July 7th. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Wolfe Research upgraded 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

About Kinder Morgan

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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