Obermeyer Wealth Partners Takes Position in Kinder Morgan, Inc. $KMI

Obermeyer Wealth Partners purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to its most recent filing with the SEC. The fund purchased 7,901 shares of the pipeline company’s stock, valued at approximately $232,000.

Other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. boosted its position in Kinder Morgan by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock worth $183,793,000 after acquiring an additional 794,388 shares during the period. Burney Co. boosted its position in Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after acquiring an additional 252,736 shares during the period. Aberdeen Group plc boosted its position in Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock worth $66,581,000 after acquiring an additional 609,748 shares during the period. Nordea Investment Management AB boosted its position in Kinder Morgan by 9.9% during the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after acquiring an additional 13,150 shares during the period. Finally, Eagle Global Advisors LLC lifted its holdings in shares of Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after buying an additional 137,030 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Down 0.4%

Shares of NYSE KMI opened at $26.08 on Tuesday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The company has a market cap of $58.02 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 3.01 and a beta of 0.78. 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 business has a fifty day simple moving average of $27.22 and a 200-day simple moving average of $27.43.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.Kinder Morgan’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, Chairman Richard D. Kinder purchased 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed 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 acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the transaction, the director directly owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This trade represents a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 42,459 shares valued at $1,155,114. Company insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating for the company. TD Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. Stifel Nicolaus upped their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group started coverage on Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. Ten investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

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.