Mirador Capital Partners LP Purchases 20,251 Shares of Kinder Morgan, Inc. $KMI

Mirador Capital Partners LP increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 332,143 shares of the pipeline company’s stock after acquiring an additional 20,251 shares during the period. Kinder Morgan comprises 1.6% of Mirador Capital Partners LP’s portfolio, making the stock its 15th biggest position. Mirador Capital Partners LP’s holdings in Kinder Morgan were worth $9,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sierra Ocean LLC lifted its position in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan during the 4th quarter valued at about $26,000. JNBA Financial Advisors lifted its holdings in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after buying an additional 870 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter valued at about $29,000. Finally, Grove Bank & Trust lifted its holdings in Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,078 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of several research analyst reports. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research note on Monday, July 7th. Stifel Nicolaus lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating for the company. Scotiabank lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 18th. Finally, Barclays restated an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $31.20.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,759 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the acquisition, the director owned 34,764 shares in the company, valued at $945,928.44. This represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the transaction, the vice president owned 225,868 shares in the company, valued at approximately $6,098,436. This trade represents a 2.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,008 shares of company stock valued at $3,553,982. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $27.20 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 52-week low of $21.43 and a 52-week high of $31.48. The company has a market cap of $60.44 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 3.21 and a beta of 0.81. The firm’s 50-day moving average price is $27.18 and its 200-day moving average price is $27.37.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business posted $0.26 EPS. Kinder Morgan’s revenue for the quarter was up 13.2% 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 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is presently 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.