Militia Capital Partners LP Raises Stake in Kinder Morgan, Inc. $KMI

Militia Capital Partners LP grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 476.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,300 shares of the pipeline company’s stock after purchasing an additional 14,300 shares during the period. Militia Capital Partners LP’s holdings in Kinder Morgan were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Morton Capital Management LLC CA boosted its position in shares of Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after buying an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of Kinder Morgan by 0.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock worth $1,396,000 after buying an additional 378 shares in the last quarter. Signaturefd LLC boosted its position in shares of Kinder Morgan by 1.8% in the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock worth $601,000 after buying an additional 381 shares in the last quarter. Aspiriant LLC boosted its position in shares of Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company’s stock worth $677,000 after buying an additional 396 shares in the last quarter. Finally, Presima Securities ULC boosted its position in shares of Kinder Morgan by 0.9% in the 1st quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company’s stock worth $1,335,000 after buying an additional 396 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on KMI. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Barclays reiterated an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research note on Monday, July 7th. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Finally, Scotiabank boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 18th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.20.

Kinder Morgan Stock Up 0.7%

Shares of NYSE:KMI opened at $27.56 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a 1 year low of $20.72 and a 1 year high of $31.48. The stock has a market capitalization of $61.24 billion, a P/E ratio of 22.59, a PEG ratio of 3.21 and a beta of 0.81. The stock has a 50-day simple moving average of $27.24 and a 200-day simple moving average of $27.34.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. 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 declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the transaction, the vice president owned 225,868 shares in the company, valued at $6,098,436. This represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis purchased 2,759 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director owned 34,764 shares in the company, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 128,008 shares of company stock worth $3,553,982 over the last 90 days. 12.73% of the stock is owned by corporate 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.