Cooper Financial Group Makes New $227,000 Investment in Kinder Morgan, Inc. $KMI

Cooper Financial Group purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,718 shares of the pipeline company’s stock, valued at approximately $227,000.

Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC boosted its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 788 shares during the last quarter. JNBA Financial Advisors boosted its position in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC boosted its position in Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 562 shares during the last quarter. Grove Bank & Trust boosted its position in Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.3%

KMI opened at $28.21 on Friday. Kinder Morgan, Inc. has a 1-year low of $22.78 and a 1-year high of $31.48. The stock’s fifty day simple moving average is $27.24 and its 200 day simple moving average is $27.46. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The stock has a market cap of $62.67 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting 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 return on equity of 8.31% and a net margin of 17.06%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.1%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the transaction, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. This trade represents a 20.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction on Monday, July 28th. The shares were purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the transaction, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 128,008 shares of company stock worth $3,553,982. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TD Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. Morgan Stanley increased their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating for the company. Finally, BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.25.

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.