Managed Account Advisors LLC recently announced the acquisition of new stake in Kinder Morgan Inc (NYSE:KMI). The institutional investor has increased its shareholding in the Energy company by 3.19% to 38.5 million shares with purchase of 1.19 million shares. This fresh investment now brings its stake to 1.73% valued currently at $679.07 million. In addition, Geode Capital Management LLC raised its holdings by 0.21 million to 38.48 million shares. And Charles Schwab Investment Managem has lifted its position by 0.29% or 87516.0 shares – to 29.87 million shares.
Currently, there are 2.25B common shares owned by the public and among those 1.94B shares have been available to trade.
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Insiders at the company have transacted a total of 31 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 2,120,542 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 926,691 shares.
The top 3 mutual fund holders in Kinder Morgan Inc are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR Series – Energy Select Secto. Vanguard Total Stock Market ETF owns 59.32 million shares of the company’s stock, all valued at over $1.05 billion. The company sold 3424.0 shares recently to bring their total holdings to about 2.67% of the shares outstanding. Vanguard 500 Index Fund sold 33408.0 shares to see its total holdings shrink to 47.22 million shares valued at over $832.89 million and representing 2.12% of the shares outstanding. SPDR Series – Energy Select Secto bought 0.19 million shares to bring its total holdings to over 46.95 million shares at a value of $828.28 million. SPDR Series – Energy Select Secto now owns shares totaling to 2.11% of the shares outstanding.
However, the script later moved the day high at 17.47, up 0.63%. The company’s stock has a 5-day price change of 1.40% and 3.87% over the past three months. KMI shares are trading -1.13% year to date (YTD), with the 12-month market performance down to -5.47% lower. It has a 12-month low price of $15.89 and touched a high of $18.77 over the same period. KMI has an average intraday trading volume of 14.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.25%, -0.30%, and 1.85% respectively.
Institutional ownership of Kinder Morgan Inc (NYSE: KMI) shares accounts for 63.22% of the company’s 2.25B shares outstanding. Mutual fund holders own 31.51%, while other institutional holders and individual stakeholders account for 32.25% and 15.77% respectively.
It has a market capitalization of $38.77B and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 16.38, while the earnings-per-share (ttm) stands at $1.06. The company has a PEG of 54.60 and a Quick Ratio of 0.30 with the debt-to-equity ratio at 1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.46% over the week and 1.47% over the month.
Analysts forecast that Kinder Morgan Inc (KMI) will achieve an EPS of $0.35 for the current quarter, $0.26 for the next quarter and $1.3 for 2025. The lowest estimate earnings-per-share for the quarter is $0.31 while analysts give the company a high EPS estimate of $0.39. Comparatively, EPS for the current quarter was $0.3 a year ago. Earnings per share for the fiscal year are expected to increase by 13.48%, and 3.33% over the next financial year. EPS should shrink at an annualized rate of 0.30% over the next five years, compared to 9.78% over the past 5-year period.
Looking at the support for the KMI, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on October 06, 2023, with the firm’s price target at $20.
