Van Lanschot Kempen Investment Management N.V. Decreases Position in Kinder Morgan, Inc. $KMI

Key Points

• Van Lanschot Kempen Investment Management N.V. has reduced its stake in Kinder Morgan, Inc. by 33.8%, selling 294,916 shares and retaining 578,010 shares valued at approximately $16.49 million.
• Several institutional investors, including Goldman Sachs Group Inc. and Nuveen LLC, have increased their holdings in Kinder Morgan, reflecting a trend of strong interest in the stock.
• Kinder Morgan recently reported quarterly earnings, meeting analysts' expectations with an EPS of $0.28 and a revenue increase of 13.2% YoY, along with announcing a quarterly dividend of $0.2925.

Van Lanschot Kempen Investment Management N.V. cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 33.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 578,010 shares of the pipeline company's stock after selling 294,916 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Kinder Morgan were worth $16,491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 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 valued at $183,793,000 after purchasing 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 valued at $377,000. Burney Co. lifted its stake in shares of Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after buying an additional 252,736 shares in the last quarter. Aberdeen Group plc lifted its stake in shares of Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after buying an additional 609,748 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of Kinder Morgan by 402.5% during the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock valued at $1,124,000 after buying an additional 31,553 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction on Monday, July 28th. The shares were acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the purchase, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction 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 completion of the sale, the vice president owned 232,034 shares in the company, valued at approximately $6,450,545.20. The trade was a 2.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,842 shares of company stock valued at $3,896,180. Insiders own 12.73% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMI. Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating on the stock. Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research note on Monday, July 7th. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 target price for the company. Finally, Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Price Performance

Kinder Morgan stock traded down $0.1520 during mid-day trading on Friday, reaching $26.6680. 13,028,814 shares of the company's stock traded hands, compared to its average volume of 16,066,490. 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 stock has a 50 day moving average of $27.64 and a two-hundred day moving average of $27.33. The company has a market cap of $59.26 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 3.38 and a beta of 0.78. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

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.