Kinder Morgan, Inc. $KMI Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,981,800 shares of the pipeline company’s stock after selling 10,865 shares during the period. Bessemer Group Inc.’s holdings in Kinder Morgan were worth $175,866,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KMI. Nuveen LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $205,966,000. 59 North Capital Management LP acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $195,658,000. Goldman Sachs Group Inc. boosted its holdings in shares of Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after buying an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Kinder Morgan by 55.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock valued at $250,057,000 after buying an additional 3,037,095 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at $68,124,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.4%

Shares of Kinder Morgan stock opened at $25.88 on Monday. The company has a market cap of $57.51 billion, a P/E ratio of 21.21, a PEG ratio of 2.99 and a beta of 0.78. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 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 firm has a fifty day moving average of $27.28 and a two-hundred day moving average of $27.45.

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 net margin of 16.61% and a return on equity of 8.57%. Kinder Morgan’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on KMI shares. BMO Capital Markets started coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Scotiabank reduced their price target 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. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Finally, Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday, October 9th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the transaction, the chief financial officer owned 159,428 shares in the company, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock worth $3,727,678 in the last 90 days. Corporate insiders own 12.73% of the company’s stock.

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.