Chicago Capital LLC Has $242,000 Holdings in Kinder Morgan, Inc. $KMI

Chicago Capital LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,227 shares of the pipeline company’s stock after acquiring an additional 400 shares during the quarter. Chicago Capital LLC’s holdings in Kinder Morgan were worth $242,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KMI. Westwood Holdings Group Inc. increased its holdings in shares of Kinder Morgan by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock worth $183,793,000 after buying an additional 794,388 shares in the last quarter. Burney Co. increased its holdings in 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 purchasing an additional 252,736 shares in the last quarter. Aberdeen Group plc increased its holdings in Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after purchasing an additional 609,748 shares in the last quarter. Columbus Macro LLC increased its holdings in Kinder Morgan by 7.4% during the 1st quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company’s stock valued at $9,799,000 after purchasing an additional 23,520 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its stake in shares of Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after buying an additional 137,030 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.1%

Shares of NYSE KMI opened at $28.33 on Wednesday. The stock has a market cap of $62.95 billion, a P/E ratio of 23.22, a P/E/G ratio of 3.33 and a beta of 0.81. The firm has a 50 day moving average price of $27.20 and a 200 day moving average price of $27.45. 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 52-week low of $22.01 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the firm earned $0.26 earnings per share. The company’s 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. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. Kinder Morgan’s payout ratio is currently 95.90%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Friday, July 25th. TD Cowen began coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. 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. Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating for the company. Finally, Scotiabank lowered 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 analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.06.

Insiders Place Their Bets

In related news, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 in the last three months. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Company Profile

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.