Kinder Morgan, Inc. $KMI Shares Sold by M&G PLC

M&G PLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 25.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,314 shares of the pipeline company’s stock after selling 15,868 shares during the period. M&G PLC’s holdings in Kinder Morgan were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $308,000. Bleakley Financial Group LLC increased its stake in Kinder Morgan by 7.7% in the 1st quarter. Bleakley Financial Group LLC now owns 30,668 shares of the pipeline company’s stock valued at $875,000 after purchasing an additional 2,198 shares in the last quarter. Signaturefd LLC raised its holdings in Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock worth $601,000 after purchasing an additional 381 shares during the last quarter. Welch & Forbes LLC purchased a new stake in Kinder Morgan during the first quarter worth $348,000. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in Kinder Morgan by 43.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 23,602 shares of the pipeline company’s stock valued at $674,000 after purchasing an additional 7,165 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on KMI. Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. BMO Capital Markets started coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Scotiabank lowered their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Finally, Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.31.

Insiders Place Their Bets

In other Kinder Morgan news, Chairman Richard D. Kinder acquired 1,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were acquired at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amy W. Chronis bought 3,800 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. The trade was a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $26.89 on Friday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The firm has a market cap of $59.82 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The company’s 50-day moving average is $27.18 and its two-hundred day moving average is $27.42. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is currently 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.