REAP Financial Group LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 59.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,324 shares of the pipeline company’s stock after purchasing an additional 1,239 shares during the period. REAP Financial Group LLC’s holdings in Kinder Morgan were worth $98,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Westwood Holdings Group Inc. increased its stake in shares of Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after buying an additional 794,388 shares during the period. Burney Co. increased its stake in shares of Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after buying an additional 252,736 shares during the period. Aberdeen Group plc increased its stake 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 buying an additional 609,748 shares during the period. Columbus Macro LLC increased its stake in shares of Kinder Morgan by 7.4% in the 1st quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company’s stock valued at $9,799,000 after buying an additional 23,520 shares during the period. Finally, Eagle Global Advisors LLC increased its stake in shares of Kinder Morgan by 15.6% in the 1st quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after buying an additional 137,030 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
KMI has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. TD Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price objective for the company. BMO Capital Markets initiated coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Wells Fargo & Company lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Scotiabank decreased their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $31.25.
Insider Buying and Selling
In other news, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,174 shares of company stock valued at $3,727,678. Corporate insiders own 12.73% of the company’s stock.
Kinder Morgan Stock Performance
KMI stock opened at $28.14 on Thursday. The business’s 50-day moving average price is $27.29 and its two-hundred day moving average price is $27.47. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a market cap of $62.53 billion, a PE ratio of 23.07, a P/E/G ratio of 3.29 and a beta of 0.78. Kinder Morgan, Inc. has a 1-year low of $23.19 and a 1-year high of $31.48.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.
Kinder Morgan Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s payout ratio is 95.90%.
Kinder Morgan 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.
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