Gotham Asset Management LLC Grows Stock Holdings in Kinder Morgan, Inc. $KMI

Gotham Asset Management LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 23.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 704,384 shares of the pipeline company’s stock after acquiring an additional 134,510 shares during the period. Gotham Asset Management LLC’s holdings in Kinder Morgan were worth $20,096,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Sierra Ocean LLC grew its holdings in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after buying an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $29,000. Finally, JNBA Financial Advisors lifted its stake in Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMI shares. TD Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target for the company. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Friday, July 25th. Scotiabank raised their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 18th. Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating on the stock. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.20.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $26.57 on Friday. The firm has a market capitalization of $59.04 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 3.13 and a beta of 0.81. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 12 month low of $20.56 and a 12 month high of $31.48. The business’s 50-day moving average price is $27.37 and its 200-day moving average price is $27.33.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $0.26 EPS. Kinder Morgan’s quarterly revenue was up 13.2% compared to the same quarter last year. 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 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 292,000 shares of the company’s stock, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total value of $171,414.80. Following the transaction, the vice president directly owned 232,034 shares of the company’s stock, valued at $6,450,545.20. This represents a 2.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,842 shares of company stock valued at $3,387,500 over the last ninety days. Corporate insiders own 12.73% of the company’s stock.

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.