DNB Asset Management AS Grows Stock Holdings in Kinder Morgan, Inc. $KMI

DNB Asset Management AS increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 93.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 706,677 shares of the pipeline company’s stock after buying an additional 340,900 shares during the quarter. DNB Asset Management AS’s holdings in Kinder Morgan were worth $20,776,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. increased its stake in shares of Kinder Morgan by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock worth $183,793,000 after buying an additional 794,388 shares during the period. Aberdeen Group plc grew its holdings in Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock worth $66,581,000 after acquiring an additional 609,748 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Kinder Morgan by 9.9% in the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after purchasing an additional 13,150 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at $1,713,000. Finally, Eagle Global Advisors LLC lifted its position in shares of Kinder Morgan by 15.6% during the 1st quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock worth $29,000,000 after purchasing an additional 137,030 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the sale, the vice president directly owned 213,536 shares of the company’s stock, valued at $5,765,472. This represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the stock in a transaction on Monday, October 27th. The stock was bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the purchase, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMI shares. Scotiabank cut their price target on 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. Royal Bank Of Canada increased their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research note on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Ten 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, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $31.19.

Kinder Morgan Trading Up 1.0%

KMI opened at $26.98 on Friday. 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, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The business’s 50 day moving average is $27.18 and its two-hundred day moving average is $27.43. The firm has a market cap of $60.02 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $4.15 billion for 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 for the quarter was up 12.1% compared to the same quarter last year. During the same period last 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, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s payout ratio is currently 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.