Y Intercept Hong Kong Ltd Invests $620,000 in Kinder Morgan, Inc. $KMI

Y Intercept Hong Kong Ltd purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,081 shares of the pipeline company’s stock, valued at approximately $620,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after buying an additional 1,302,794 shares during the period. Goldman Sachs Group Inc. raised its stake in Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after buying an additional 5,529,065 shares during the period. Deutsche Bank AG raised its stake in Kinder Morgan by 2.0% during the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after buying an additional 290,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Kinder Morgan by 19.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock worth $380,145,000 after buying an additional 2,144,307 shares during the period. Finally, Amundi raised its stake in Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock worth $353,785,000 after buying an additional 943,023 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Amy W. Chronis bought 3,800 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the acquisition, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. The trade was a 10.78% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. The trade was a 9.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 42,459 shares worth $1,155,114. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wells Fargo & Company raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. BMO Capital Markets assumed coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Jefferies Financial Group assumed coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective on the stock. Scotiabank dropped their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Finally, Morgan Stanley set a $30.00 price target on Kinder Morgan in a research note on Thursday, October 9th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Kinder Morgan Stock Performance

KMI opened at $25.93 on Thursday. The business’s 50-day moving average price is $27.19 and its two-hundred day moving average price is $27.41. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company has a market capitalization of $57.69 billion, a price-to-earnings ratio of 21.25, 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 current ratio of 0.63 and a quick ratio of 0.53.

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

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

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.