XTX Topco Ltd Sells 93,297 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• XTX Topco Ltd has reduced its stake in Kinder Morgan, Inc. by 66.8%, selling 93,297 shares and now holds 46,381 shares valued at approximately $1.32 million.
• Insider transactions include President Thomas A. Martin selling 18,000 shares and Director Amy W. Chronis purchasing 2,759 shares, reflecting varying confidence from company executives.
• Kinder Morgan reported earnings of $0.28 per share for the last quarter, meeting expectations, with revenue exceeding projections at $4.04 billion, marking a 13.2% increase from the previous year.

XTX Topco Ltd decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 66.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 46,381 shares of the pipeline company's stock after selling 93,297 shares during the period. XTX Topco Ltd's holdings in Kinder Morgan were worth $1,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Bridgewealth Advisory Group LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $377,000. Unigestion Holding SA raised its stake in Kinder Morgan by 22.3% during the 4th quarter. Unigestion Holding SA now owns 93,364 shares of the pipeline company's stock worth $2,558,000 after buying an additional 16,993 shares during the period. Burney Co. raised its stake in Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after buying an additional 252,736 shares during the period. AdvisorNet Financial Inc raised its stake in Kinder Morgan by 402.5% during the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock worth $1,124,000 after buying an additional 31,553 shares during the period. Finally, American Century Companies Inc. raised its stake in Kinder Morgan by 3.8% during the 4th quarter. American Century Companies Inc. now owns 369,451 shares of the pipeline company's stock worth $10,123,000 after buying an additional 13,367 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis bought 2,759 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the purchase, the director directly owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.73% of the company's stock.

Analyst Ratings Changes

KMI has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday. Wells Fargo & Company increased their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Royal Bank Of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Finally, Scotiabank increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.13.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.03 on Friday. The stock has a market capitalization of $62.29 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 3.53 and a beta of 0.75. The business has a 50-day moving average of $27.95 and a 200-day moving average of $27.56. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. Kinder Morgan's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Kinder Morgan 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.

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