Wedbush Securities Inc. Boosts Position in Kinder Morgan, Inc. $KMI

Wedbush Securities Inc. raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,222 shares of the pipeline company’s stock after acquiring an additional 8,369 shares during the period. Wedbush Securities Inc.’s holdings in Kinder Morgan were worth $2,506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMI. Westwood Holdings Group Inc. grew its stake in shares of Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after buying an additional 794,388 shares during the period. Burney Co. raised its position in shares of Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after buying an additional 252,736 shares during the period. Aberdeen Group plc lifted its holdings in Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after acquiring an additional 609,748 shares during the last quarter. Nordea Investment Management AB grew its position in Kinder Morgan by 9.9% in the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after acquiring an additional 13,150 shares during the period. Finally, FORA Capital LLC purchased a new position in Kinder Morgan in the first quarter worth approximately $6,814,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KMI shares. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Friday, July 25th. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research note on Thursday, October 9th. Finally, Scotiabank dropped their price target 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. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Insider Buying and Selling

In related news, Chairman Richard D. Kinder bought 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy W. Chronis bought 3,800 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 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.

Kinder Morgan Stock Up 1.7%

Shares of NYSE:KMI opened at $26.55 on Friday. The firm has a market capitalization of $59.07 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. The firm’s 50-day moving average is $27.16 and its two-hundred day moving average is $27.42.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The business’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. Analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.2925 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan’s payout ratio is 95.90%.

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.