Vident Advisory LLC Purchases 38,934 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Vident Advisory LLC increased its stake in Kinder Morgan, Inc. by 10.7% in the first quarter, acquiring 38,934 additional shares and bringing its total holdings to 402,190 shares worth approximately $11.47 million.
• Several institutional investors, including Goldman Sachs and Assenagon Asset Management, significantly increased their positions in Kinder Morgan, reflecting strong institutional interest in the company.
• Kinder Morgan has a consensus rating of "Moderate Buy" among analysts, with an average target price of $31.20, following recent price target upgrades from firms like JPMorgan Chase and Barclays.

Vident Advisory LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 10.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,190 shares of the pipeline company's stock after purchasing an additional 38,934 shares during the period. Vident Advisory LLC's holdings in Kinder Morgan were worth $11,475,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Morton Capital Management LLC CA increased its holdings in shares of Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after purchasing an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Kinder Morgan by 0.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock worth $1,396,000 after purchasing an additional 378 shares in the last quarter. Diligent Investors LLC increased its holdings in shares of Kinder Morgan by 1.5% in the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after purchasing an additional 381 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Kinder Morgan by 1.8% in the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after purchasing an additional 381 shares in the last quarter. Finally, Aspiriant LLC increased its holdings in shares of Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock worth $677,000 after purchasing an additional 396 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Insiders Place Their Bets

In other news, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president directly owned 292,000 shares in the company, valued at $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total value of $171,414.80. Following the completion of the transaction, the vice president owned 232,034 shares in the company, valued at $6,450,545.20. The trade was a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,842 shares of company stock valued at $3,387,500. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.01 on Wednesday, hitting $26.73. 10,172,344 shares of the company traded hands, compared to its average volume of 14,477,875. The business's 50 day moving average price is $27.49 and its 200-day moving average price is $27.33. Kinder Morgan, Inc. has a 52-week low of $20.56 and a 52-week high of $31.48. The company has a market capitalization of $59.39 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 3.41 and a beta of 0.81. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $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. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research note on Monday, July 7th. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. Scotiabank raised 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. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Stifel Nicolaus raised their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Company 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.