Kinder Morgan, Inc. $KMI Stock Holdings Trimmed by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 9.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 905,149 shares of the pipeline company’s stock after selling 91,532 shares during the period. Asset Management One Co. Ltd.’s holdings in Kinder Morgan were worth $26,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Nuveen LLC acquired a new position in Kinder Morgan in the first quarter valued at approximately $205,966,000. 59 North Capital Management LP acquired a new position in Kinder Morgan in the first quarter valued at approximately $195,658,000. Goldman Sachs Group Inc. boosted its stake in Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after acquiring an additional 5,529,065 shares during the period. Assenagon Asset Management S.A. boosted its stake in Kinder Morgan by 55.5% in the second quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock valued at $250,057,000 after acquiring an additional 3,037,095 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Kinder Morgan in the second quarter valued at approximately $68,124,000. 62.52% of the stock is owned by institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president directly owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was 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. Insiders sold a total of 134,174 shares of company stock valued at $3,727,678 over the last three months. 12.73% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on KMI shares. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research note on Thursday, October 9th. Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating for the company. Wells Fargo & Company boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $25.88 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The stock has a 50 day simple moving average of $27.28 and a 200-day simple moving average of $27.43. The company has a market cap of $57.51 billion, a PE ratio of 21.21, a P/E/G ratio of 3.07 and a beta of 0.78. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 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.