Kinder Morgan, Inc. $KMI Shares Sold by Robeco Institutional Asset Management B.V.

by · The Markets Daily

Robeco Institutional Asset Management B.V. lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 24.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 762,915 shares of the pipeline company’s stock after selling 241,722 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Kinder Morgan were worth $21,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. LFA Lugano Financial Advisors SA acquired a new position in Kinder Morgan during the second quarter worth about $26,000. Cranbrook Wealth Management LLC increased its stake in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $34,000. CoreFirst Bank & Trust purchased a new stake in Kinder Morgan in the 2nd quarter valued at approximately $35,000. Finally, Private Wealth Management Group LLC grew its holdings in Kinder Morgan by 94.9% during the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KMI. UBS Group reissued a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Mizuho cut their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Scotiabank reduced their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Morgan Stanley set a $29.00 price target on shares of Kinder Morgan in a report on Tuesday, December 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. 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.com, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Get Our Latest Stock Analysis on Kinder Morgan

Insiders Place Their Bets

In related news, Chairman Richard D. Kinder bought 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the acquisition, the chairman owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This represents a 0.41% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was bought at an average price of $26.23 per share, with a total value of $99,674.00. Following the acquisition, the director owned 39,051 shares in the company, valued at $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Trading Up 1.0%

NYSE KMI opened at $27.26 on Friday. The firm has a market capitalization of $60.65 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48. The company’s 50 day moving average price is $26.95 and its 200 day moving average price is $27.27.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The business’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. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

About Kinder Morgan

(Free Report)

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

Featured Stories