Old West Investment Management LLC Acquires 38,339 Shares of Kinder Morgan, Inc. $KMI

Old West Investment Management LLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 254.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 53,418 shares of the pipeline company’s stock after acquiring an additional 38,339 shares during the period. Old West Investment Management LLC’s holdings in Kinder Morgan were worth $1,708,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Evolution Wealth Management Inc. lifted its position in Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 750 shares during the period. Frazier Financial Advisors LLC purchased a new stake in Kinder Morgan during the 1st quarter valued at $28,000. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at $27,000. First Pacific Financial lifted its holdings in shares of Kinder Morgan by 9,900.0% during the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after buying an additional 990 shares during the period. Finally, Robinswood Financial LLC purchased a new position in shares of Kinder Morgan in the 1st quarter worth $34,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $32.83 on Monday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The stock’s fifty day moving average is $31.99 and its 200 day moving average is $32.26. The stock has a market cap of $73.09 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.57 and a beta of 0.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.Kinder Morgan’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s payout ratio is presently 76.28%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the transaction, the vice president owned 170,374 shares of the company’s stock, valued at $5,423,004.42. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 13,882 shares of company stock valued at $441,691. 12.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KMI has been the subject of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Wells Fargo & Company raised their target price on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Finally, Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.50.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.