West Family Investments Inc. Boosts Stake in Kinder Morgan, Inc. $KMI

West Family Investments Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 54.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,186 shares of the pipeline company’s stock after buying an additional 4,648 shares during the period. West Family Investments Inc.’s holdings in Kinder Morgan were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KMI. Vanguard Group Inc. lifted its stake in shares of Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after buying an additional 3,070,609 shares during the period. Geode Capital Management LLC raised its holdings in Kinder Morgan by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after acquiring an additional 599,152 shares during the last quarter. Norges Bank purchased a new position in shares of Kinder Morgan during the 2nd quarter worth $1,162,802,000. Goldman Sachs Group Inc. boosted its holdings in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after purchasing an additional 5,529,065 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Kinder Morgan by 0.3% in the second quarter. Legal & General Group Plc now owns 15,665,157 shares of the pipeline company’s stock valued at $460,556,000 after purchasing an additional 45,789 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.16 on Friday. The firm’s fifty day simple moving average is $27.12 and its 200 day simple moving average is $27.41. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The firm has a market capitalization of $60.42 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the company posted $0.25 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Analysts Set New Price Targets

A number of brokerages have issued reports on KMI. Stifel Nicolaus raised their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Mizuho lowered their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Scotiabank cut their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Finally, Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday, October 9th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president directly owned 213,536 shares in the company, valued at $5,765,472. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard D. Kinder bought 1,000,000 shares of Kinder Morgan stock in a transaction dated Monday, October 27th. The shares were acquired at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the purchase, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. Company insiders own 12.73% of the company’s stock.

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.