Kinder Morgan, Inc. $KMI Shares Bought by Aviva PLC

Aviva PLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,790,618 shares of the pipeline company’s stock after purchasing an additional 108,847 shares during the period. Aviva PLC’s holdings in Kinder Morgan were worth $82,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Westwood Holdings Group Inc. grew its position in Kinder Morgan by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock worth $183,793,000 after purchasing an additional 794,388 shares during the last quarter. Burney Co. boosted its stake in shares of Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after buying an additional 252,736 shares during the period. Aberdeen Group plc boosted its stake in shares of Kinder Morgan by 35.2% during the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock worth $66,581,000 after buying an additional 609,748 shares during the period. Nordea Investment Management AB increased its position in 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 acquiring an additional 13,150 shares during the period. Finally, Eagle Global Advisors LLC raised its stake in 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 valued at $29,000,000 after acquiring an additional 137,030 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on KMI. Stifel Nicolaus lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Jefferies Financial Group initiated coverage on Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Friday, July 25th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research report on Thursday, October 9th. Finally, Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction 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. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction on Monday, August 11th. The shares were 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 owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 42,459 shares valued at $1,155,114. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 1.7%

KMI opened at $26.55 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. The company has a market cap of $59.07 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48. The business’s fifty day moving average is $27.16 and its two-hundred day moving average is $27.42.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The business 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 business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

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.