Stablepoint Partners LLC Grows Position in Kinder Morgan, Inc. $KMI

Stablepoint Partners LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,132 shares of the pipeline company’s stock after buying an additional 6,201 shares during the quarter. Stablepoint Partners LLC’s holdings in Kinder Morgan were worth $5,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC purchased a new position in Kinder Morgan during the 4th quarter worth $308,000. Assetmark Inc. boosted its stake in shares of Kinder Morgan by 17.5% during the first quarter. Assetmark Inc. now owns 8,634 shares of the pipeline company’s stock worth $246,000 after buying an additional 1,283 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Kinder Morgan in the 1st quarter valued at about $46,000. Federated Hermes Inc. raised its stake in Kinder Morgan by 3.8% during the 1st quarter. Federated Hermes Inc. now owns 19,774 shares of the pipeline company’s stock valued at $564,000 after acquiring an additional 720 shares during the last quarter. Finally, Vestcor Inc lifted its position in Kinder Morgan by 37.3% during the 1st quarter. Vestcor Inc now owns 79,395 shares of the pipeline company’s stock worth $2,265,000 after acquiring an additional 21,585 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.8%

KMI stock opened at $27.16 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $27.12 and its 200 day moving average price is $27.41. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The company has a market cap of $60.42 billion, a P/E ratio of 22.26, a P/E/G ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last posted 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. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 3,800 shares of the business’s stock in a transaction on Friday, October 31st. The stock was bought at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the acquisition, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. The trade was a 10.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $506,660. 12.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on KMI. BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Scotiabank cut their price objective on shares of 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. Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Mizuho lowered their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Finally, Stifel Nicolaus increased their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

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.