236,549 Shares in Kinder Morgan, Inc. $KMI Acquired by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 236,549 shares of the pipeline company’s stock, valued at approximately $6,633,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KMI. Nuveen LLC bought a new stake in Kinder Morgan during the first quarter valued at $205,966,000. 59 North Capital Management LP purchased a new position in Kinder Morgan in the 1st quarter worth approximately $195,658,000. Goldman Sachs Group Inc. grew its stake in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after buying an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company’s stock worth $156,009,000 after buying an additional 3,718,521 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in Kinder Morgan in the 4th quarter worth approximately $62,499,000. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at $4,494,275.32. This represents a 20.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the sale, the executive vice president directly owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on KMI shares. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price target for the company. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating for the company. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research note on Monday, July 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

Kinder Morgan Stock Up 0.7%

Shares of NYSE KMI opened at $27.56 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 12 month low of $20.72 and a 12 month high of $31.48. The firm has a market capitalization of $61.24 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.21 and a beta of 0.81. The firm has a fifty day simple moving average of $27.24 and a two-hundred day simple moving average of $27.34.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business 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 business earned $0.26 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given 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 dividend yield of 4.2%. 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.