Perigon Wealth Management LLC Purchases 18,182 Shares of Kinder Morgan, Inc. $KMI

Perigon Wealth Management LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 132.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,869 shares of the pipeline company’s stock after acquiring an additional 18,182 shares during the quarter. Perigon Wealth Management LLC’s holdings in Kinder Morgan were worth $902,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vise Technologies Inc. bought a new stake in Kinder Morgan during the second quarter valued at about $1,713,000. Nordea Investment Management AB lifted its position in shares of Kinder Morgan by 9.9% during the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after buying an additional 13,150 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Kinder Morgan by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 3,928,534 shares of the pipeline company’s stock valued at $115,499,000 after buying an additional 14,327 shares in the last quarter. NFC Investments LLC grew its position in shares of Kinder Morgan by 4.9% in the 2nd quarter. NFC Investments LLC now owns 226,644 shares of the pipeline company’s stock worth $6,663,000 after buying an additional 10,519 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Kinder Morgan by 6.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,169,231 shares of the pipeline company’s stock worth $34,375,000 after buying an additional 73,224 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the transaction, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the acquisition, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. The trade was a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $511,655. 12.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Scotiabank decreased their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Stifel Nicolaus raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada boosted their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Finally, Mizuho decreased their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Stock Down 0.3%

Shares of KMI stock opened at $27.51 on Thursday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The firm has a market capitalization of $61.20 billion, a PE ratio of 22.55, a P/E/G ratio of 2.42 and a beta of 0.67. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. The stock’s 50-day simple moving average is $26.80 and its 200-day simple moving average is $27.28.

Kinder Morgan (NYSE:KMI) last issued its 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 for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm earned $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. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date 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 is presently 95.90%.

About Kinder Morgan

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.