Guinness Asset Management LTD Sells 86,098 Shares of Kinder Morgan, Inc. $KMI

Guinness Asset Management LTD reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 18.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,936 shares of the pipeline company’s stock after selling 86,098 shares during the period. Guinness Asset Management LTD’s holdings in Kinder Morgan were worth $10,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KMI. Brighton Jones LLC bought a new position in Kinder Morgan in the 4th quarter worth about $308,000. OMERS ADMINISTRATION Corp grew its stake in Kinder Morgan by 20.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 83,683 shares of the pipeline company’s stock worth $2,293,000 after acquiring an additional 14,263 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Kinder Morgan by 39.1% in the 4th quarter. Nuveen Asset Management LLC now owns 7,788,045 shares of the pipeline company’s stock worth $213,392,000 after acquiring an additional 2,191,165 shares in the last quarter. NorthRock Partners LLC bought a new position in Kinder Morgan in the 4th quarter worth about $226,000. Finally, Nomura Holdings Inc. grew its stake in Kinder Morgan by 61.4% in the 4th quarter. Nomura Holdings Inc. now owns 72,919 shares of the pipeline company’s stock worth $1,998,000 after acquiring an additional 27,742 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMI has been the topic of a number of research analyst reports. Scotiabank upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Friday, July 18th. Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research note on Monday, July 7th. Barclays reaffirmed an “overweight” rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis bought 2,759 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on 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 $6,098,436. The trade was a 2.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,008 shares of company stock valued at $3,553,982 over the last three months. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $27.56 on Friday. The company has a 50 day moving average price of $27.24 and a 200-day moving average price of $27.34. Kinder Morgan, Inc. has a fifty-two week low of $20.72 and a fifty-two week high of $31.48. The stock has a market capitalization of $61.24 billion, a PE ratio of 22.59, a PEG ratio of 3.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting 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 analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. Kinder Morgan’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. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. 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 4.2%. Kinder Morgan’s dividend payout ratio is presently 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.