Level Four Advisory Services LLC Boosts Position in Kinder Morgan, Inc. $KMI

Level Four Advisory Services LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 29.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,390 shares of the pipeline company’s stock after buying an additional 15,180 shares during the quarter. Level Four Advisory Services LLC’s holdings in Kinder Morgan were worth $1,952,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. boosted its holdings in Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after acquiring an additional 794,388 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of Kinder Morgan by 35.2% in the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock worth $66,581,000 after purchasing an additional 609,748 shares during the period. Nordea Investment Management AB raised its holdings in shares of Kinder Morgan by 9.9% in the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after purchasing an additional 13,150 shares during the period. Vise Technologies Inc. acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at about $1,713,000. Finally, Duff & Phelps Investment Management Co. grew its holdings in shares of Kinder Morgan by 43.8% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 2,476,564 shares of the pipeline company’s stock worth $72,811,000 after purchasing an additional 754,689 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.8%

Shares of NYSE KMI opened at $27.16 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The stock’s 50-day simple moving average is $27.12 and its 200-day simple moving average is $27.41. The firm has a market cap of $60.42 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.25 earnings per share. Kinder Morgan’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. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Wall Street Analyst Weigh In

KMI has been the topic of several research reports. Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target on the stock. Scotiabank dropped their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Mizuho reduced their target price on shares of 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 reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.33.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 3,800 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the acquisition, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. The trade was a 10.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of Kinder Morgan stock in a transaction on Monday, October 27th. The shares were bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the purchase, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. The trade was 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 quarter, insiders purchased 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $506,660. 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.