Kinder Morgan, Inc. $KMI Shares Purchased by Oak Harvest Investment Services

Oak Harvest Investment Services grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.9% during the 2nd quarter, Holdings Channel reports. The firm owned 439,796 shares of the pipeline company’s stock after purchasing an additional 8,298 shares during the period. Kinder Morgan comprises 1.6% of Oak Harvest Investment Services’ investment portfolio, making the stock its 12th largest position. Oak Harvest Investment Services’ holdings in Kinder Morgan were worth $12,930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Clearstead Trust LLC raised its holdings in shares of Kinder Morgan by 85.1% during the second quarter. Clearstead Trust LLC now owns 2,578 shares of the pipeline company’s stock valued at $76,000 after acquiring an additional 1,185 shares during the period. Cherokee Insurance Co bought a new stake in Kinder Morgan in the second quarter worth approximately $1,323,000. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Kinder Morgan by 5.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 296,222 shares of the pipeline company’s stock valued at $8,709,000 after acquiring an additional 14,524 shares in the last quarter. Bailard Inc. bought a new position in Kinder Morgan in the 2nd quarter worth $277,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Kinder Morgan by 1.2% during the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock worth $1,518,195,000 after buying an additional 599,152 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMI shares. Jefferies Financial Group started coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target on the stock. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research report on Thursday, October 9th. BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.31.

Kinder Morgan Stock Performance

NYSE:KMI opened at $26.89 on Friday. The firm has a market capitalization of $59.82 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. 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’s 50-day simple moving average is $27.18 and its 200 day simple moving average is $27.42. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting 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 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 company’s 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. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the sale, the vice president owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was bought at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the purchase, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. Corporate insiders own 12.73% of the company’s stock.

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.