Campbell & CO Investment Adviser LLC Lowers Position in Kinder Morgan, Inc. $KMI

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

Other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Kinder Morgan by 6.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,738,300 shares of the pipeline company’s stock worth $109,906,000 after acquiring an additional 216,150 shares during the last quarter. Aviva PLC lifted its position in shares of Kinder Morgan by 4.1% during the second quarter. Aviva PLC now owns 2,790,618 shares of the pipeline company’s stock valued at $82,044,000 after purchasing an additional 108,847 shares in the last quarter. ZEGA Investments LLC purchased a new position in Kinder Morgan during the second quarter worth about $1,311,000. Prospera Financial Services Inc grew its position in Kinder Morgan by 1.2% in the 2nd quarter. Prospera Financial Services Inc now owns 87,194 shares of the pipeline company’s stock worth $2,564,000 after purchasing an additional 1,030 shares in the last quarter. Finally, Disciplined Investors L.L.C. purchased a new stake in Kinder Morgan in the 2nd quarter valued at about $208,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.40 on Monday. The firm has a market capitalization of $60.97 billion, a PE ratio of 22.46, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average price of $27.20 and a two-hundred day moving average price of $27.43. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis bought 3,800 shares of the business’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on KMI shares. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Mizuho lowered their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Finally, Scotiabank decreased their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.19.

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.