Vestmark Advisory Solutions Inc. Increases Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Vestmark Advisory Solutions Inc. has increased its stake in Kinder Morgan, acquiring an additional 22,045 shares and boosting its overall holdings by 84.0% to a total of 48,280 shares, valued at $1,377,000.
• Kinder Morgan recently reported $4.04 billion in revenue for the quarter ending July 16, exceeding analysts' expectations of $3.75 billion and showing a 13.2% year-over-year increase.
• The company declared a quarterly dividend of $0.2925 per share, yielding 4.4%, with a payout ratio of 95.90%.

Vestmark Advisory Solutions Inc. grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 84.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,280 shares of the pipeline company's stock after acquiring an additional 22,045 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Kinder Morgan were worth $1,377,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $205,966,000. Goldman Sachs Group Inc. increased its position in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after buying an additional 5,529,065 shares during the last quarter. Assenagon Asset Management S.A. increased its position in 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 worth $156,009,000 after buying an additional 3,718,521 shares during the last quarter. Blackstone Inc. lifted its holdings in Kinder Morgan by 435.0% during the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after purchasing an additional 3,543,670 shares during the last quarter. Finally, Zimmer Partners LP acquired a new stake in Kinder Morgan during the 4th quarter valued at $62,499,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Up 0.6%

KMI traded up $0.1560 during trading on Wednesday, hitting $26.5560. 16,175,529 shares of the company's stock were exchanged, compared to its average volume of 14,624,884. 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 business's 50 day moving average is $27.69 and its two-hundred day moving average is $27.35. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $31.48. The stock has a market cap of $59.01 billion, a P/E ratio of 21.77, a PEG ratio of 3.30 and a beta of 0.78.

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. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share 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 given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sital K. Mody sold 45,549 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 139,842 shares of company stock valued at $3,896,180. 12.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research reports. Morgan Stanley set a $34.00 target price on Kinder Morgan in a report on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wolfe Research raised 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. TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price target on the stock. Finally, Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target 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.