25,656 Shares in Kinder Morgan, Inc. $KMI Acquired by Truepoint Inc.

Truepoint Inc. purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 25,656 shares of the pipeline company’s stock, valued at approximately $754,000.

Other large investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan in the second quarter valued at $26,000. Cranbrook Wealth Management LLC raised its position in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares in the last quarter. Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at about $34,000. Clearstead Trust LLC acquired a new position in shares of Kinder Morgan during the first quarter worth about $40,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Kinder Morgan during the first quarter worth approximately $46,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. 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 research note on Friday. Royal Bank Of Canada raised their price target on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Morgan Stanley set a $30.00 target price on Kinder Morgan in a research note on Thursday, October 9th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $31.19.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.40 on Friday. The company’s 50 day simple moving average is $27.20 and its 200-day simple moving average is $27.42. The firm has a market cap of $60.97 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. 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 (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the prior year, the business earned $0.25 EPS. Kinder Morgan’s quarterly 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 analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Insiders Place Their Bets

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 value of $166,482.00. Following the transaction, the vice president directly owned 213,536 shares in the company, valued at approximately $5,765,472. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were bought at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. 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.