Aberdeen Group plc Grows Holdings in Kinder Morgan, Inc. $KMI

Aberdeen Group plc increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,435,262 shares of the pipeline company’s stock after buying an additional 92,097 shares during the period. Aberdeen Group plc’s holdings in Kinder Morgan were worth $71,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Brighton Jones LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $308,000. GAMMA Investing LLC grew its holdings in Kinder Morgan by 9.3% during the 1st quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company’s stock worth $1,004,000 after acquiring an additional 3,003 shares in the last quarter. Integrated Advisors Network LLC grew its holdings in Kinder Morgan by 13.3% during the 1st quarter. Integrated Advisors Network LLC now owns 11,064 shares of the pipeline company’s stock worth $316,000 after acquiring an additional 1,299 shares in the last quarter. CX Institutional grew its holdings in Kinder Morgan by 8.7% during the 1st quarter. CX Institutional now owns 17,027 shares of the pipeline company’s stock worth $486,000 after acquiring an additional 1,366 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its holdings in Kinder Morgan by 4.7% during the 1st quarter. Simon Quick Advisors LLC now owns 10,815 shares of the pipeline company’s stock worth $309,000 after acquiring an additional 488 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KMI shares. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating for the company. TD Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 price objective 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 for the company in a report on Friday, July 25th. Finally, Barclays reaffirmed an “overweight” rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.88.

Insider Activity

In other news, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction on Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the transaction, the vice president directly owned 219,702 shares of the company’s stock, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,174 shares of company stock worth $3,727,678 over the last three months. Insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Down 1.5%

NYSE KMI opened at $27.12 on Friday. Kinder Morgan, Inc. has a one year low of $23.86 and a one year high of $31.48. The company has a 50-day simple moving average of $27.26 and a 200-day simple moving average of $27.44. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The firm has a market capitalization of $60.25 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s payout ratio is presently 95.90%.

Kinder Morgan Company 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.