Banco Bilbao Vizcaya Argentaria S.A. Trims Stake in Kinder Morgan, Inc. $KMI

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 574,210 shares of the pipeline company’s stock after selling 15,104 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Kinder Morgan were worth $16,882,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its position in 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 worth $183,793,000 after acquiring an additional 794,388 shares in the last quarter. Burney Co. grew its stake in shares of 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 purchasing an additional 252,736 shares during the period. Aberdeen Group plc increased its holdings in shares of 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 purchasing an additional 609,748 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Kinder Morgan by 9.9% in the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after purchasing an additional 13,150 shares during the period. Finally, Eagle Global Advisors LLC boosted its holdings in 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 buying an additional 137,030 shares in the last quarter. Institutional investors and hedge funds 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 business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the transaction, the vice president owned 213,536 shares of the company’s stock, valued at $5,765,472. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy W. Chronis acquired 3,800 shares of Kinder Morgan stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director directly 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 position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $506,660. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $27.40 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The company has a market capitalization of $60.97 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 3.01 and a beta of 0.77. The stock has a fifty day moving average of $27.20 and a two-hundred day moving average of $27.42. 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 (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on KMI. Mizuho dropped their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday. Morgan Stanley set a $30.00 price target on Kinder Morgan in a report on Thursday, October 9th. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday. Scotiabank lowered their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Finally, Stifel Nicolaus raised their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.19.

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.