Leo Wealth LLC Invests $256,000 in Kinder Morgan, Inc. $KMI

Leo Wealth LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,712 shares of the pipeline company’s stock, valued at approximately $256,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its position in Kinder Morgan by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after purchasing an additional 794,388 shares during the period. Burney Co. lifted its position in Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc lifted its position in Kinder Morgan by 35.2% during the first 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 during the period. Columbus Macro LLC lifted its position in Kinder Morgan by 7.4% during the first quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company’s stock valued at $9,799,000 after purchasing an additional 23,520 shares during the period. Finally, Eagle Global Advisors LLC lifted its position 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 valued at $29,000,000 after purchasing an additional 137,030 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 1.5%

KMI stock opened at $27.12 on Friday. The stock has a market capitalization of $60.25 billion, a P/E ratio of 22.23, a P/E/G ratio of 3.24 and a beta of 0.78. The firm has a 50-day simple moving average of $27.26 and a 200-day simple moving average of $27.45. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 52 week low of $23.86 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. 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 previous year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KMI shares. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. TD Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. BMO Capital Markets started coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating for the company. Finally, Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $30.88.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the sale, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis acquired 2,759 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director owned 34,764 shares in the company, valued at $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 134,174 shares of company stock worth $3,727,678 in the last 90 days. 12.73% of the stock is owned by insiders.

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.