IFM Investors Pty Ltd Has $13.68 Million Stock Position in Kinder Morgan, Inc. $KMI

IFM Investors Pty Ltd reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 17.5% in the first quarter, Holdings Channel reports. The institutional investor owned 479,415 shares of the pipeline company’s stock after selling 101,974 shares during the period. IFM Investors Pty Ltd’s holdings in Kinder Morgan were worth $13,678,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KMI. Sierra Ocean LLC grew its holdings in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after buying an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $26,000. Morse Asset Management Inc acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $29,000. Finally, JNBA Financial Advisors grew its holdings in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after buying an additional 870 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. TD Cowen initiated 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. Scotiabank boosted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 18th. Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating on the stock. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, August 14th. Finally, Barclays restated an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Stock Up 2.6%

KMI opened at $27.33 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market cap of $60.72 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 3.13 and a beta of 0.81. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month high of $31.48. The company’s 50-day moving average price is $27.25 and its two-hundred day moving average price is $27.33.

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

Kinder Morgan Announces Dividend

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

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the business’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 transaction, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction dated Monday, July 28th. The stock was acquired at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the transaction, the director owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 128,008 shares of company stock valued at $3,553,982. Corporate insiders own 12.73% of the company’s stock.

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.