Robeco Institutional Asset Management B.V. Buys 134,613 Shares of Kinder Morgan, Inc. $KMI

Robeco Institutional Asset Management B.V. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,004,637 shares of the pipeline company’s stock after buying an additional 134,613 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Kinder Morgan were worth $29,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KMI. Brighton Jones LLC bought a new stake in Kinder Morgan in the fourth quarter worth $308,000. Merit Financial Group LLC increased its position in Kinder Morgan by 10.5% in the first quarter. Merit Financial Group LLC now owns 71,814 shares of the pipeline company’s stock worth $2,049,000 after purchasing an additional 6,830 shares during the last quarter. RFG Advisory LLC bought a new stake in Kinder Morgan in the first quarter worth $415,000. Portside Wealth Group LLC bought a new stake in Kinder Morgan in the first quarter worth $203,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Kinder Morgan by 15.9% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 31,051 shares of the pipeline company’s stock valued at $886,000 after acquiring an additional 4,254 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on KMI shares. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 target price for the company. Scotiabank lowered their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Finally, Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

Insider Buying and Selling

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president directly owned 225,868 shares of the company’s stock, valued at approximately $6,098,436. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock valued at $3,553,982 over the last quarter. 12.73% of the stock is owned by company insiders.

Kinder Morgan Stock Up 1.0%

NYSE:KMI opened at $28.50 on Friday. Kinder Morgan, Inc. has a 1-year low of $23.06 and a 1-year high of $31.48. The company has a 50-day moving average of $27.27 and a 200 day moving average of $27.47. The firm has a market cap of $63.32 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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 net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. Kinder Morgan’s dividend payout ratio is 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.