Kinder Morgan, Inc. $KMI Shares Sold by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management LLC reduced its stake in Kinder Morgan by 38.2%, owning 22,250 shares worth $635,000 after selling 13,745 shares in the first quarter.
• Several large institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., increased their holdings in Kinder Morgan during the same period, indicating positive investor interest.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, representing a dividend yield of 4.4% with a payout ratio of 95.90%.

Van Hulzen Asset Management LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 38.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,250 shares of the pipeline company's stock after selling 13,745 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Kinder Morgan were worth $635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Westwood Holdings Group Inc. lifted its position in Kinder Morgan by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after buying an additional 794,388 shares in the last quarter. Bridgewealth Advisory Group LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth $377,000. Burney Co. grew its holdings in shares of Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc increased its position in Kinder Morgan by 35.2% during the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock worth $66,581,000 after purchasing an additional 609,748 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in Kinder Morgan by 402.5% during the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock worth $1,124,000 after purchasing an additional 31,553 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total value of $171,414.80. Following the transaction, the vice president owned 232,034 shares of the company's stock, valued at $6,450,545.20. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,842 shares of company stock valued at $3,896,180 in the last quarter. 12.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KMI shares. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. Barclays reaffirmed an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday, August 14th. Scotiabank upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. 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, Kinder Morgan has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Stock Performance

KMI stock traded up $0.22 on Wednesday, hitting $26.84. The company's stock had a trading volume of 14,064,074 shares, compared to its average volume of 14,548,929. Kinder Morgan, Inc. has a 1 year low of $20.56 and a 1 year high of $31.48. 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 stock has a market cap of $59.63 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78. The firm has a 50 day moving average of $27.60 and a two-hundred day moving average of $27.33.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results 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 for 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%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

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.