Kinder Morgan, Inc. $KMI Holdings Raised by Swiss National Bank

Swiss National Bank increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,053,574 shares of the pipeline company’s stock after purchasing an additional 414,300 shares during the quarter. Swiss National Bank owned approximately 0.27% of Kinder Morgan worth $177,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Westwood Holdings Group Inc. raised its position in Kinder Morgan by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after acquiring an additional 794,388 shares in the last quarter. Aberdeen Group plc grew its position in Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock worth $66,581,000 after acquiring an additional 609,748 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Kinder Morgan by 9.9% during the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after purchasing an additional 13,150 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of Kinder Morgan during the 2nd quarter valued at $1,713,000. Finally, Eagle Global Advisors LLC lifted its stake in shares of Kinder Morgan by 15.6% in the 1st quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after purchasing an additional 137,030 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

NYSE KMI opened at $26.98 on Friday. The stock has a 50-day simple moving average of $27.18 and a 200 day simple moving average of $27.43. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The stock has a market capitalization of $60.02 billion, a PE ratio of 22.11, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s payout ratio is 95.90%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Scotiabank lowered their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Mizuho decreased their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. BMO Capital Markets assumed coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company. Finally, Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Friday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.19.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis acquired 3,800 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was acquired at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the transaction, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard D. Kinder bought 1,000,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 27th. The stock was bought at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the purchase, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $506,660. Corporate insiders own 12.73% of the company’s stock.

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.