Wellington Management Group LLP Takes $6.71 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Wellington Management Group LLP acquired a new stake in Kinder Morgan, Inc., purchasing 235,000 shares valued at approximately $6.7 million in the first quarter.
• Insider transactions indicate that executives have sold a total of 139,842 shares of Kinder Morgan stock over the last three months, raising concerns about insider confidence.
• Analysts have upgraded Kinder Morgan's stock with a target price of up to $34.00, indicating a positive outlook amid recent performance reports showing revenue growth.

Wellington Management Group LLP acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 235,000 shares of the pipeline company's stock, valued at approximately $6,705,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC raised its stake in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $27,000. JNBA Financial Advisors raised its stake in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan in the fourth quarter worth about $29,000. 62.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KMI. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research note on Monday, July 7th. Barclays reissued an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their target price 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 assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the transaction, the president owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 139,842 shares of company stock worth $3,896,180. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Down 1.5%

Shares of NYSE:KMI traded down $0.40 during trading on Tuesday, reaching $26.59. 5,306,261 shares of the stock traded hands, compared to its average volume of 14,489,529. The stock has a 50-day moving average of $27.53 and a two-hundred day moving average of $27.34. Kinder Morgan, Inc. has a 52-week low of $20.56 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock has a market cap of $59.07 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 3.41 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. The business 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%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. 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 payout ratio is currently 95.90%.

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.