Russell Investments Group Ltd. Sells 875,127 Shares of Kinder Morgan, Inc. $KMI

Russell Investments Group Ltd. lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 28.8% during the second quarter, HoldingsChannel.com reports. The fund owned 2,162,123 shares of the pipeline company’s stock after selling 875,127 shares during the period. Russell Investments Group Ltd.’s holdings in Kinder Morgan were worth $63,497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $26,000. Cranbrook Wealth Management LLC boosted its stake in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after buying an additional 562 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan in the 2nd quarter valued at $34,000. Clearstead Trust LLC bought a new stake in Kinder Morgan in the first quarter valued at $40,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Kinder Morgan during the first quarter worth $46,000. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the transaction, the vice president owned 213,536 shares of the company’s stock, valued at $5,765,472. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis acquired 3,800 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the transaction, 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 disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $506,660. 12.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KMI shares. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday, October 9th. 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. Finally, Scotiabank decreased their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Kinder Morgan Trading Up 1.7%

KMI opened at $26.97 on Friday. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The stock has a market capitalization of $59.99 billion, a PE ratio of 22.10, a PEG ratio of 3.01 and a beta of 0.77. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $27.13 and a two-hundred day moving average price of $27.41.

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

Kinder Morgan Dividend Announcement

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

About Kinder Morgan

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.