Cohen Investment Advisors LLC Grows Holdings in Kinder Morgan, Inc. $KMI

Cohen Investment Advisors LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,298 shares of the pipeline company’s stock after buying an additional 2,591 shares during the period. Kinder Morgan makes up about 2.2% of Cohen Investment Advisors LLC’s holdings, making the stock its 15th biggest holding. Cohen Investment Advisors LLC’s holdings in Kinder Morgan were worth $4,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alhambra Investment Management LLC increased its stake in shares of Kinder Morgan by 2.3% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after acquiring an additional 363 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in shares of Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 374 shares in the last quarter. Morton Capital Management LLC CA increased its stake in shares of Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after acquiring an additional 377 shares in the last quarter. QTR Family Wealth LLC increased its stake in shares of Kinder Morgan by 2.7% in the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock worth $423,000 after acquiring an additional 377 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its stake in shares of Kinder Morgan by 0.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock worth $1,396,000 after acquiring an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $28.14 on Thursday. The company has a 50 day moving average price of $27.29 and a 200-day moving average price of $27.47. Kinder Morgan, Inc. has a 52 week low of $23.19 and a 52 week high of $31.48. The firm has a market capitalization of $62.53 billion, a PE ratio of 23.07, a P/E/G ratio of 3.29 and a beta of 0.78. 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 announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. 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 year.

Kinder Morgan Dividend Announcement

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

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction on Monday, July 28th. The shares were acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the acquisition, the director directly owned 34,764 shares of the company’s stock, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $1,127,600.00. Following the transaction, 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. Insiders sold a total of 134,174 shares of company stock valued at $3,727,678 in the last three months. Corporate insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several research reports. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Friday, July 25th. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating on the stock. Finally, BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

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.