Kinder Morgan, Inc. $KMI Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 55.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 343,673 shares of the pipeline company’s stock after selling 434,796 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Kinder Morgan were worth $10,104,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Nuveen LLC purchased a new stake in Kinder Morgan during the first quarter worth approximately $205,966,000. 59 North Capital Management LP acquired a new position in shares of Kinder Morgan during the 1st quarter valued at $195,658,000. Goldman Sachs Group Inc. lifted its holdings in shares of Kinder Morgan by 37.5% during the 1st 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 in the last quarter. Assenagon Asset Management S.A. boosted its position in Kinder Morgan by 55.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock worth $250,057,000 after purchasing an additional 3,037,095 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Kinder Morgan in the 2nd quarter valued at $68,124,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, Chairman Richard D. Kinder bought 1,000,000 shares of Kinder Morgan stock in a transaction on Monday, October 27th. The shares were bought at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the acquisition, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the transaction, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have purchased 1,004,287 shares of company stock valued at $26,072,463. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KMI shares. Jefferies Financial Group began coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective on the stock. Stifel Nicolaus raised their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Finally, Scotiabank dropped their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Kinder Morgan Price Performance

KMI stock opened at $26.55 on Monday. The stock’s 50 day moving average is $27.16 and its two-hundred day moving average is $27.42. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a market capitalization of $59.07 billion, a PE ratio of 21.76, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 95.90%.

About Kinder Morgan

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.