Wolff Wiese Magana LLC Buys Shares of 1,140 Kinder Morgan, Inc. $KMI

Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, Holdings Channel reports. The fund bought 1,140 shares of the pipeline company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Kinder Morgan during the first quarter worth approximately $205,966,000. 59 North Capital Management LP purchased a new position in Kinder Morgan during the first quarter worth approximately $195,658,000. Goldman Sachs Group Inc. lifted its position in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after buying an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Kinder Morgan by 212.5% during the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company’s stock worth $156,009,000 after buying an additional 3,718,521 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in Kinder Morgan during the second quarter worth approximately $68,124,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on KMI. Stifel Nicolaus lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 14th. Wolfe Research raised 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. BMO Capital Markets initiated coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating for the company. Finally, Scotiabank cut their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $31.06.

Insider Buying and Selling at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, September 8th. The shares were 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 of the company’s stock, valued at approximately $6,098,436. This trade represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,008 shares of company stock valued at $3,553,982. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 1.0%

KMI opened at $28.21 on Monday. Kinder Morgan, Inc. has a 52 week low of $21.61 and a 52 week high of $31.48. The business has a fifty day simple moving average of $27.15 and a 200-day simple moving average of $27.44. The firm has a market cap of $62.68 billion, a P/E ratio of 23.12, a P/E/G ratio of 3.31 and a beta of 0.81. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 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.