Journey Strategic Wealth LLC Acquires New Stake in Kinder Morgan, Inc. $KMI

Journey Strategic Wealth LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,482 shares of the pipeline company’s stock, valued at approximately $426,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $308,000. Pinnacle Associates Ltd. lifted its holdings in Kinder Morgan by 1.9% in the 1st quarter. Pinnacle Associates Ltd. now owns 113,551 shares of the pipeline company’s stock valued at $3,240,000 after acquiring an additional 2,135 shares during the last quarter. Machina Capital S.A.S. bought a new position in shares of Kinder Morgan during the 1st quarter valued at about $340,000. Brookwood Investment Group LLC acquired a new position in shares of Kinder Morgan in the 1st quarter worth approximately $364,000. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Kinder Morgan by 9.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 99,665 shares of the pipeline company’s stock worth $2,843,000 after purchasing an additional 8,566 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $26.98 on Friday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The stock has a market cap of $60.02 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The business has a fifty day simple moving average of $27.18 and a 200-day simple moving average of $27.43.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis acquired 3,800 shares of the company’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director owned 39,051 shares in the company, valued at $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was bought at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the transaction, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Stifel Nicolaus raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada upped their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $30.00 price objective on Kinder Morgan in a report on Thursday, October 9th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.19.

Kinder Morgan Company 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.