Kinder Morgan, Inc. $KMI Shares Purchased by Blair William & Co. IL

Blair William & Co. IL raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,173 shares of the pipeline company’s stock after buying an additional 2,780 shares during the period. Blair William & Co. IL’s holdings in Kinder Morgan were worth $15,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mainstay Capital Management LLC ADV increased its holdings in shares of Kinder Morgan by 81.8% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 27,658 shares of the pipeline company’s stock valued at $813,000 after acquiring an additional 12,443 shares during the last quarter. Leo Wealth LLC purchased a new position in Kinder Morgan in the second quarter valued at approximately $256,000. Baxter Bros Inc. raised its holdings in Kinder Morgan by 3.1% during the second quarter. Baxter Bros Inc. now owns 85,046 shares of the pipeline company’s stock worth $2,500,000 after purchasing an additional 2,550 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of Kinder Morgan by 49.6% during the 2nd quarter. Tectonic Advisors LLC now owns 39,726 shares of the pipeline company’s stock worth $1,168,000 after buying an additional 13,171 shares during the last quarter. Finally, Columbus Macro LLC boosted its holdings in shares of Kinder Morgan by 11.8% in the 2nd quarter. Columbus Macro LLC now owns 383,930 shares of the pipeline company’s stock valued at $11,288,000 after buying an additional 40,469 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their position. 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. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Down 1.5%

Kinder Morgan stock opened at $27.12 on Friday. The stock has a 50 day moving average of $27.26 and a two-hundred day moving average of $27.45. Kinder Morgan, Inc. has a twelve month low of $23.86 and a twelve month high of $31.48. The stock has a market capitalization of $60.25 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.24 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s payout ratio is presently 95.90%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target for the company. Scotiabank reduced their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. TD Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. JPMorgan Chase & Co. boosted 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. Finally, Jefferies Financial Group initiated coverage on shares of Kinder Morgan in a research report on Thursday. They set a “hold” rating and a $30.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $30.88.

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.