Paradigm Asset Management Co. LLC Takes $303,000 Position in Kinder Morgan, Inc. $KMI

Paradigm Asset Management Co. LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 10,300 shares of the pipeline company’s stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cranbrook Wealth Management LLC grew its position in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after buying an additional 562 shares during the period. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan during the second quarter worth about $34,000. Clearstead Trust LLC purchased a new stake in Kinder Morgan in the first quarter worth about $40,000. N.E.W. Advisory Services LLC purchased a new position in shares of Kinder Morgan during the first quarter valued at approximately $46,000. Finally, Graney & King LLC lifted its holdings in shares of Kinder Morgan by 103.7% during the first quarter. Graney & King LLC now owns 1,670 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 3,800 shares of Kinder Morgan stock in a transaction on Friday, October 31st. The stock was acquired at an average price 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 in the company, valued at $1,024,307.73. This represents a 10.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The shares were bought at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents 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 have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 42,459 shares valued at $1,155,114. Corporate insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KMI shares. Scotiabank reduced their price objective on 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. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, BMO Capital Markets started coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target for the company. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.13.

Kinder Morgan Stock Performance

KMI stock opened at $26.55 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company has a market cap of $59.07 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The stock’s fifty day moving average price is $27.16 and its 200-day moving average price is $27.42.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the firm posted $0.25 earnings per share. The business’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. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 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, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 95.90%.

Kinder Morgan Company 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.