Kinder Morgan, Inc. $KMI Shares Purchased by Amundi

Amundi boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,762,800 shares of the pipeline company’s stock after buying an additional 943,023 shares during the period. Amundi owned 0.57% of Kinder Morgan worth $353,785,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KMI. Westwood Holdings Group Inc. increased its holdings in shares of Kinder Morgan by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after purchasing an additional 794,388 shares during the period. Burney Co. increased its holdings in shares of Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc increased its holdings in shares of Kinder Morgan by 35.2% during the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after purchasing an additional 609,748 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Kinder Morgan by 402.5% during the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company’s stock valued at $1,124,000 after purchasing an additional 31,553 shares during the period. Finally, Siemens Fonds Invest GmbH increased its holdings in shares of Kinder Morgan by 127.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 27,978 shares of the pipeline company’s stock valued at $767,000 after purchasing an additional 15,662 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total transaction of $171,414.80. Following the completion of the sale, the vice president directly owned 232,034 shares in the company, valued at approximately $6,450,545.20. This trade represents a 2.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the sale, the chief financial officer owned 159,428 shares of the company’s stock, valued at $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,842 shares of company stock worth $3,387,500 over the last three months. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Down 0.0%

NYSE:KMI opened at $26.73 on Thursday. 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, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48. The firm has a market capitalization of $59.39 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 3.41 and a beta of 0.81. The stock has a fifty day simple moving average of $27.46 and a 200 day simple moving average of $27.33.

Kinder Morgan (NYSE:KMI) last released its quarterly 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. 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 during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company posted $0.26 EPS. Kinder Morgan’s revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KMI shares. Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Barclays reissued an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Morgan Stanley set a $34.00 target price on Kinder Morgan in a report on Monday, July 7th. Scotiabank lifted 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. Finally, Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating on the stock. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price 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.