Robeco Institutional Asset Management B.V. Grows Stock Holdings in Kinder Morgan, Inc. $KMI

Robeco Institutional Asset Management B.V. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,004,637 shares of the pipeline company’s stock after buying an additional 134,613 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Kinder Morgan were worth $29,536,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KMI. Westwood Holdings Group Inc. raised its position in shares of Kinder Morgan by 14.1% in the 1st 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 last quarter. Burney Co. raised its position in shares of Kinder Morgan by 133.5% in the 1st 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 last quarter. Aberdeen Group plc raised its position in shares of Kinder Morgan by 35.2% in the 1st 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 last quarter. Columbus Macro LLC raised its position in shares of Kinder Morgan by 7.4% in the 1st quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company’s stock valued at $9,799,000 after purchasing an additional 23,520 shares during the last quarter. Finally, Eagle Global Advisors LLC raised its position in shares of Kinder Morgan by 15.6% in the 1st quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after purchasing an additional 137,030 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.50 on Friday. The stock has a market capitalization of $63.32 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 3.32 and a beta of 0.78. Kinder Morgan, Inc. has a 12 month low of $23.06 and a 12 month high of $31.48. The firm’s 50 day simple moving average is $27.27 and its 200-day simple moving average is $27.47. 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 (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.1%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Scotiabank decreased their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Saturday, September 27th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, August 14th. Morgan Stanley increased their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, 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 report on Thursday, July 17th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the transaction, the vice president owned 225,868 shares in the company, valued at $6,098,436. This trade represents a 2.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by insiders.

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.