Endowment Wealth Management Inc. Acquires Shares of 7,056 Kinder Morgan, Inc. $KMI

Endowment Wealth Management Inc. bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 7,056 shares of the pipeline company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Kinder Morgan during the fourth quarter valued at $308,000. GAMMA Investing LLC raised its position in Kinder Morgan by 9.3% during the 1st quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company’s stock valued at $1,004,000 after purchasing an additional 3,003 shares in the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of Kinder Morgan by 13.3% in the 1st quarter. Integrated Advisors Network LLC now owns 11,064 shares of the pipeline company’s stock worth $316,000 after buying an additional 1,299 shares during the period. Simon Quick Advisors LLC grew its position in shares of Kinder Morgan by 4.7% during the 1st quarter. Simon Quick Advisors LLC now owns 10,815 shares of the pipeline company’s stock worth $309,000 after buying an additional 488 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Kinder Morgan by 5.8% in the first quarter. Fifth Third Bancorp now owns 109,267 shares of the pipeline company’s stock valued at $3,117,000 after acquiring an additional 5,962 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy W. Chronis bought 2,759 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, 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 have sold a total of 134,174 shares of company stock worth $3,727,678 over the last three months. 12.73% of the stock is owned by insiders.

Kinder Morgan Stock Down 1.5%

KMI stock opened at $27.12 on Monday. Kinder Morgan, Inc. has a one year low of $23.86 and a one year high of $31.48. The firm’s 50 day moving average price is $27.26 and its 200-day moving average price is $27.44. The firm has a market cap of $60.25 billion, a PE ratio of 22.23, a PEG ratio of 3.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current 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 paid a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. TD Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target on the stock. Scotiabank lowered their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Wells Fargo & Company upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $30.88.

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.