Kinder Morgan, Inc. $KMI is Lumbard & Kellner LLC’s 8th Largest Position

Lumbard & Kellner LLC lessened its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 238,871 shares of the pipeline company’s stock after selling 3,432 shares during the period. Kinder Morgan comprises 3.1% of Lumbard & Kellner LLC’s portfolio, making the stock its 8th largest holding. Lumbard & Kellner LLC’s holdings in Kinder Morgan were worth $7,023,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan in the 2nd quarter worth approximately $26,000. Cranbrook Wealth Management LLC boosted its stake 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 valued at $31,000 after purchasing an additional 562 shares during the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter worth $34,000. Clearstead Trust LLC purchased a new position in shares of Kinder Morgan in the first quarter worth $40,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of Kinder Morgan by 170.5% during the first quarter. Manchester Capital Management LLC now owns 1,699 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 1,071 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.8%

Shares of Kinder Morgan stock opened at $27.16 on Monday. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The company’s fifty day simple moving average is $27.12 and its 200-day simple moving average is $27.41. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. The stock has a market capitalization of $60.42 billion, a PE ratio of 22.26, a P/E/G ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the firm earned $0.25 EPS. Kinder Morgan’s revenue for the quarter was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis bought 3,800 shares of Kinder Morgan stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average cost of $26.23 per share, with a total value of $99,674.00. Following the acquisition, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. The trade was a 10.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $506,660. 12.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on KMI. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Jefferies Financial Group began coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target for the company. Mizuho lowered their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Finally, BMO Capital Markets started coverage on Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.33.

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.