Kinder Morgan, Inc. $KMI Shares Acquired by Woodline Partners LP

Key Points

• Woodline Partners LP increased its holdings in Kinder Morgan, Inc. by 40.7%, owning 163,318 shares worth $4.66 million as of the end of the first quarter.
• Kinder Morgan reported a quarterly revenue of $4.04 billion, exceeding analysts' expectations, with an EPS of $0.28 that met the consensus estimate.
• The company declared a quarterly dividend of $0.2925, resulting in a 4.2% yield and a payout ratio of 95.90%.

Woodline Partners LP raised its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 40.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,318 shares of the pipeline company's stock after purchasing an additional 47,244 shares during the quarter. Woodline Partners LP's holdings in Kinder Morgan were worth $4,659,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Zurich Insurance Group Ltd FI acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $18,046,000. Empowered Funds LLC raised its stake in shares of Kinder Morgan by 94.9% in the 1st quarter. Empowered Funds LLC now owns 435,399 shares of the pipeline company's stock valued at $12,422,000 after acquiring an additional 212,004 shares during the period. Northeast Financial Consultants Inc raised its stake in shares of Kinder Morgan by 3.1% in the 1st quarter. Northeast Financial Consultants Inc now owns 13,360 shares of the pipeline company's stock valued at $381,000 after acquiring an additional 400 shares during the period. Ascent Group LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at $320,000. Finally, MBB Public Markets I LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at $324,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insiders Place Their Bets

In other news, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares of the company's stock, valued at $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 128,008 shares of company stock worth $3,553,982. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Down 0.8%

Shares of KMI traded down $0.21 during midday trading on Monday, hitting $27.37. The company had a trading volume of 9,550,999 shares, compared to its average volume of 11,600,910. The company's 50 day moving average price is $27.20 and its 200 day moving average price is $27.37. The stock has a market cap of $60.82 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 3.24 and a beta of 0.81. Kinder Morgan, Inc. has a 52 week low of $21.30 and a 52 week high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan's payout ratio is presently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research reports. Barclays reissued an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. Finally, Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research note on Monday, July 7th. Nine investment 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 currently has an average rating of "Moderate Buy" and a consensus target price 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.