DekaBank Deutsche Girozentrale Sells 72,534 Shares of Kinder Morgan, Inc. $KMI

DekaBank Deutsche Girozentrale lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 569,961 shares of the pipeline company’s stock after selling 72,534 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Kinder Morgan were worth $16,908,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. Brighton Jones LLC bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $308,000. GAMMA Investing LLC raised its stake in Kinder Morgan by 9.3% in the first quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company’s stock valued at $1,004,000 after buying an additional 3,003 shares during the period. Continuum Advisory LLC raised its stake in Kinder Morgan by 12.1% in the first quarter. Continuum Advisory LLC now owns 10,597 shares of the pipeline company’s stock valued at $302,000 after buying an additional 1,143 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Kinder Morgan by 21.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 109,874 shares of the pipeline company’s stock valued at $3,135,000 after buying an additional 19,775 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Kinder Morgan by 9.3% during the first quarter. Asset Management One Co. Ltd. now owns 996,681 shares of the pipeline company’s stock worth $28,435,000 after purchasing an additional 84,771 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.3%

Shares of NYSE:KMI opened at $27.58 on Thursday. The company has a market capitalization of $61.27 billion, a P/E ratio of 22.60, a P/E/G ratio of 3.23 and a beta of 0.78. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The business’s 50 day simple moving average is $27.30 and its 200 day simple moving average is $27.42.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Insider Transactions 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 value of $173,696.22. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KMI. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Jefferies Financial Group began coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Scotiabank lowered their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Finally, Wells Fargo & Company increased their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.13.

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.