Campbell & CO Investment Adviser LLC Sells 83,002 Shares of Kinder Morgan, Inc. $KMI

Campbell & CO Investment Adviser LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 87.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,604 shares of the pipeline company’s stock after selling 83,002 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Kinder Morgan were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Westwood Holdings Group Inc. increased its stake in shares of Kinder Morgan by 14.1% in 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 buying an additional 794,388 shares during the period. Burney Co. grew its holdings in Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after acquiring an additional 252,736 shares during the last quarter. Aberdeen Group plc increased its position in Kinder Morgan by 35.2% in the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after acquiring an additional 609,748 shares during the period. Nordea Investment Management AB raised its stake in shares of Kinder Morgan by 9.9% during the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after acquiring an additional 13,150 shares during the last quarter. Finally, Eagle Global Advisors LLC lifted its holdings in shares of Kinder Morgan by 15.6% during the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock worth $29,000,000 after purchasing an additional 137,030 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.40 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The company has a fifty day moving average of $27.20 and a 200-day moving average of $27.43. The firm has a market capitalization of $60.97 billion, a P/E ratio of 22.46, a P/E/G ratio of 3.01 and a beta of 0.77.

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

Kinder Morgan Announces Dividend

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

Insider Buying and Selling

In other news, Chairman Richard D. Kinder bought 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The shares were bought 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 of the company’s stock, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Amy W. Chronis bought 3,800 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased 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 in the company, valued at $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. 12.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on KMI shares. Jefferies Financial Group started coverage on Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 target price for the company. Scotiabank lowered their price objective on 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. Stifel Nicolaus upped their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target for the company. Finally, Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.19.

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.