Pinnacle Wealth Planning Services Inc. Has $630,000 Stake in Kinder Morgan, Inc. $KMI

Pinnacle Wealth Planning Services Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 22.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,440 shares of the pipeline company’s stock after buying an additional 3,936 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Kinder Morgan were worth $630,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in KMI. Nuveen LLC bought a new stake in shares of Kinder Morgan in the 1st quarter worth approximately $205,966,000. 59 North Capital Management LP acquired a new position in shares of Kinder Morgan in the first quarter valued at $195,658,000. Goldman Sachs Group Inc. lifted its position in Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after purchasing an additional 5,529,065 shares during the period. Assenagon Asset Management S.A. boosted its stake in Kinder Morgan by 55.5% during the second quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock worth $250,057,000 after buying an additional 3,037,095 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Kinder Morgan in the 2nd quarter valued at $68,124,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of KMI stock opened at $27.08 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The stock has a market capitalization of $60.25 billion, a PE ratio of 22.20, a PEG ratio of 3.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. The stock’s fifty day moving average is $27.22 and its 200-day moving average is $27.44.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (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 business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 95.90%.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective 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. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a report on Thursday, October 9th. Royal Bank Of Canada increased their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. Finally, Mizuho lowered their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.19.

Insider Activity at Kinder Morgan

In other news, Chairman Richard D. Kinder bought 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the purchase, 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy W. Chronis purchased 3,800 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by company insiders.

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.