Schroder Investment Management Group Sells 32,779 Shares of Kinder Morgan, Inc. $KMI

Schroder Investment Management Group cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 240,144 shares of the pipeline company’s stock after selling 32,779 shares during the period. Schroder Investment Management Group’s holdings in Kinder Morgan were worth $7,060,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after purchasing an additional 3,070,609 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kinder Morgan by 1.2% during the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after buying an additional 599,152 shares during the last quarter. Norges Bank bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $1,162,802,000. Goldman Sachs Group Inc. raised its holdings in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after acquiring an additional 5,529,065 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Kinder Morgan by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 15,665,157 shares of the pipeline company’s stock valued at $460,556,000 after purchasing an additional 45,789 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Mizuho decreased their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Jefferies Financial Group initiated coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target on the stock. BMO Capital Markets started coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research report on Thursday, October 9th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

Kinder Morgan Stock Up 2.5%

Shares of KMI stock opened at $27.84 on Friday. The company has a 50 day simple moving average of $27.09 and a two-hundred day simple moving average of $27.40. The stock has a market cap of $61.94 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.39 and a beta of 0.67. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research 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 disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the transaction, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis acquired 3,800 shares of Kinder Morgan stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, 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 disclosure for this purchase is available in the SEC filing. 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. 12.73% of the stock is currently owned by corporate insiders.

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.