Fayez Sarofim & Co Buys 64,250 Shares of Kinder Morgan, Inc. $KMI

Fayez Sarofim & Co lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.6% in the 2nd quarter, Holdings Channel reports. The fund owned 2,544,426 shares of the pipeline company’s stock after acquiring an additional 64,250 shares during the quarter. Fayez Sarofim & Co’s holdings in Kinder Morgan were worth $74,806,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Kinder Morgan by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after purchasing an additional 3,070,609 shares during the period. Geode Capital Management LLC boosted its position 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 worth $1,518,195,000 after buying an additional 599,152 shares during the period. Norges Bank bought a new position in shares of Kinder Morgan during the second quarter worth about $1,162,802,000. Invesco Ltd. grew its holdings in shares of Kinder Morgan by 2.8% during the second quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock worth $645,310,000 after buying an additional 603,197 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Kinder Morgan by 0.3% in 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 buying an additional 45,789 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on KMI shares. Stifel Nicolaus upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Mizuho reduced their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Scotiabank decreased their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.26 on Tuesday. The company has a fifty day moving average price of $27.06 and a two-hundred day moving average price of $27.39. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48. The stock has a market cap of $60.64 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.44 and a beta of 0.67. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued 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. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the firm earned $0.25 EPS. Kinder Morgan’s quarterly revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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

Insider Buying and Selling

In related news, Chairman Richard D. Kinder acquired 1,000,000 shares of Kinder Morgan stock in a transaction on Monday, October 27th. The stock was purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the transaction, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the transaction, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $511,655. 12.73% of the stock is owned by 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.