Kinder Morgan, Inc. $KMI Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,928,534 shares of the pipeline company’s stock after acquiring an additional 14,327 shares during the quarter. Rhumbline Advisers’ holdings in Kinder Morgan were worth $115,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC bought a new position in shares of Kinder Morgan in the 2nd quarter worth about $175,000. Mufg Securities Americas Inc. lifted its holdings in Kinder Morgan by 25.2% in the second quarter. Mufg Securities Americas Inc. now owns 42,845 shares of the pipeline company’s stock worth $1,260,000 after acquiring an additional 8,627 shares during the last quarter. Sfmg LLC lifted its holdings in Kinder Morgan by 0.7% in the second quarter. Sfmg LLC now owns 94,250 shares of the pipeline company’s stock worth $2,771,000 after acquiring an additional 609 shares during the last quarter. Journey Strategic Wealth LLC acquired a new position in Kinder Morgan in the second quarter valued at approximately $426,000. Finally, Franklin Resources Inc. grew its holdings in shares of Kinder Morgan by 48.6% during the second quarter. Franklin Resources Inc. now owns 2,140,978 shares of the pipeline company’s stock valued at $62,945,000 after purchasing an additional 700,695 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KMI shares. BMO Capital Markets initiated coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. 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. Mizuho cut 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. Finally, Scotiabank reduced 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. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.19.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the transaction, the director 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president directly owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This represents a 2.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.98 on Friday. The stock has a market cap of $60.02 billion, a P/E ratio of 22.11, a P/E/G ratio of 3.01 and a beta of 0.77. The firm’s 50-day simple moving average is $27.18 and its 200 day simple moving average is $27.43. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week 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.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm posted $0.25 EPS. Kinder Morgan’s revenue 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. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given 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 95.90%.

About Kinder Morgan

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.