BTG Pactual Asset Management US LLC Takes $2.25 Million Position in Kinder Morgan, Inc. $KMI

BTG Pactual Asset Management US LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 76,543 shares of the pipeline company’s stock, valued at approximately $2,250,000.

Several other hedge funds have also recently bought and sold shares of KMI. Norges Bank acquired a new stake in shares of Kinder Morgan in the second quarter worth about $1,162,802,000. 59 North Capital Management LP bought a new position in shares of Kinder Morgan in the 1st quarter valued at approximately $195,658,000. Marshall Wace LLP lifted its holdings in Kinder Morgan by 364.8% in the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock worth $122,461,000 after purchasing an additional 3,269,284 shares during the last quarter. Vanguard Group Inc. boosted its position in Kinder Morgan by 1.5% during the second 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. Finally, Assenagon Asset Management S.A. grew its holdings in Kinder Morgan by 55.5% during the second quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock valued at $250,057,000 after purchasing an additional 3,037,095 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Chairman Richard D. Kinder purchased 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy W. Chronis purchased 3,800 shares of the business’s stock in a transaction on Friday, October 31st. The shares were acquired at an average price of $26.23 per share, with a total value of $99,674.00. Following the purchase, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, 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. Insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Down 0.4%

Shares of KMI opened at $26.72 on Friday. The stock’s 50-day moving average price is $26.95 and its 200 day moving average price is $27.37. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $59.45 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.36 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.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan’s payout ratio is currently 95.90%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research report on Thursday, October 9th. Royal Bank Of Canada raised their price target on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Mizuho cut their price objective 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. Finally, 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 report on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

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.