Kinder Morgan, Inc. $KMI Shares Bought by Eagle Global Advisors LLC

Eagle Global Advisors LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 47.3% during the third quarter, HoldingsChannel reports. The firm owned 1,423,609 shares of the pipeline company’s stock after purchasing an additional 457,459 shares during the quarter. Kinder Morgan accounts for approximately 1.5% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Eagle Global Advisors LLC’s holdings in Kinder Morgan were worth $40,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after buying an additional 3,070,609 shares during the period. Geode Capital Management LLC grew its holdings in Kinder Morgan by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after buying an additional 599,152 shares during the period. Norges Bank acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at about $1,162,802,000. Orbis Allan Gray Ltd lifted its holdings in shares of Kinder Morgan by 3.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after acquiring an additional 670,856 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Kinder Morgan by 2.8% in the second quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock worth $645,310,000 after acquiring an additional 603,197 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis purchased 3,800 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $507,462. 12.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada upped their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Mizuho reduced their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Finally, BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Stock Up 0.5%

Shares of Kinder Morgan stock opened at $27.51 on Thursday. The company has a fifty day moving average price of $27.05 and a 200 day moving average price of $27.22. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The stock has a market cap of $61.19 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 2.26 and a beta of 0.69.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 quarter in the previous year, the firm posted $0.25 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.