1248 Management LLC Acquires Shares of 2,495 Kinder Morgan, Inc. $KMI

1248 Management LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,495 shares of the pipeline company’s stock, valued at approximately $71,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $308,000. OMERS ADMINISTRATION Corp lifted its position in shares of Kinder Morgan by 20.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 83,683 shares of the pipeline company’s stock worth $2,293,000 after buying an additional 14,263 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Kinder Morgan by 39.1% in the 4th quarter. Nuveen Asset Management LLC now owns 7,788,045 shares of the pipeline company’s stock worth $213,392,000 after buying an additional 2,191,165 shares during the last quarter. NorthRock Partners LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $226,000. Finally, Nomura Holdings Inc. lifted its position in shares of Kinder Morgan by 61.4% in the 4th quarter. Nomura Holdings Inc. now owns 72,919 shares of the pipeline company’s stock worth $1,998,000 after buying an additional 27,742 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KMI. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. Scotiabank raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 18th. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research report on Monday, July 7th. Finally, Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating on the stock. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Trading Up 0.7%

Shares of NYSE:KMI opened at $27.56 on Friday. The company has a market cap of $61.24 billion, a PE ratio of 22.59, a P/E/G ratio of 3.21 and a beta of 0.81. The company’s 50-day moving average price is $27.24 and its 200 day moving average price is $27.34. Kinder Morgan, Inc. has a fifty-two week low of $20.72 and a fifty-two week high of $31.48. 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 (NYSE:KMI) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the transaction, the vice president owned 225,868 shares of the company’s stock, valued at approximately $6,098,436. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock worth $3,553,982 in the last 90 days. 12.73% of the stock is currently owned by corporate insiders.

About Kinder Morgan

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.