Drucker Wealth 3.0 LLC Grows Holdings in Kinder Morgan, Inc. $KMI

Drucker Wealth 3.0 LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 352.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 33,783 shares of the pipeline company’s stock after acquiring an additional 26,313 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Kinder Morgan were worth $939,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eastern Bank raised its position in Kinder Morgan by 35.3% in the second quarter. Eastern Bank now owns 219,903 shares of the pipeline company’s stock valued at $6,465,000 after purchasing an additional 57,416 shares during the period. Aberdeen Group plc raised its holdings in shares of Kinder Morgan by 3.9% in the 2nd quarter. Aberdeen Group plc now owns 2,435,262 shares of the pipeline company’s stock valued at $71,597,000 after buying an additional 92,097 shares during the period. Strong Tower Advisory Services raised its holdings in shares of Kinder Morgan by 4.9% in the 2nd quarter. Strong Tower Advisory Services now owns 94,114 shares of the pipeline company’s stock valued at $2,767,000 after buying an additional 4,370 shares during the period. PDS Planning Inc purchased a new stake in Kinder Morgan during the second quarter worth about $214,000. Finally, Thompson Investment Management Inc. increased its stake in Kinder Morgan by 39.5% during the second quarter. Thompson Investment Management Inc. now owns 4,135 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 1,170 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KMI. Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating on the stock. Barclays reaffirmed an “overweight” rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, Scotiabank cut their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.88.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. 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 over the last three months. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of KMI opened at $27.12 on Friday. The firm has a market capitalization of $60.25 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.24 and a beta of 0.78. The firm’s fifty day simple moving average is $27.26 and its 200-day simple moving average is $27.45. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a twelve month low of $23.86 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

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.