Investors Asset Management of Georgia Inc. GA ADV Increases Stock Holdings in Kinder Morgan, Inc. $KMI

Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,890 shares of the pipeline company’s stock after acquiring an additional 1,500 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Kinder Morgan were worth $702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. lifted its holdings in Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock worth $183,793,000 after buying an additional 794,388 shares in the last quarter. Burney Co. increased its position in shares of Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after acquiring an additional 252,736 shares during the last quarter. Aberdeen Group plc increased its position in shares of Kinder Morgan by 35.2% during the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock worth $66,581,000 after acquiring an additional 609,748 shares during the last quarter. Columbus Macro LLC lifted its stake in shares of Kinder Morgan by 7.4% in the first quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company’s stock worth $9,799,000 after acquiring an additional 23,520 shares in the last quarter. Finally, Eagle Global Advisors LLC boosted its holdings in Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after purchasing an additional 137,030 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMI shares. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. 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 reduced their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Saturday, September 27th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $28.50 on Monday. The firm’s 50 day moving average is $27.27 and its two-hundred day moving average is $27.46. The firm has a market capitalization of $63.32 billion, a P/E ratio of 23.36, a PEG ratio of 3.35 and a beta of 0.78. 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 52 week low of $23.06 and a 52 week high of $31.48.

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 business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Insider Activity

In related news, CFO David Patrick Michels sold 40,000 shares of the firm’s 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 owned 159,428 shares in the company, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the sale, the vice president directly owned 225,868 shares in the company, valued at $6,098,436. This represents a 2.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock worth $3,553,982 in the last 90 days. 12.73% of the stock is currently owned by corporate insiders.

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.