Kinder Morgan, Inc. $KMI Shares Acquired by Consolidated Planning Corp

Consolidated Planning Corp lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 305,908 shares of the pipeline company’s stock after acquiring an additional 5,292 shares during the period. Kinder Morgan accounts for approximately 1.1% of Consolidated Planning Corp’s portfolio, making the stock its 25th biggest holding. Consolidated Planning Corp’s holdings in Kinder Morgan were worth $8,994,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its stake in shares of Kinder Morgan by 15.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,004,637 shares of the pipeline company’s stock valued at $29,536,000 after acquiring an additional 134,613 shares during the last quarter. Clarity Financial LLC boosted its stake in shares of Kinder Morgan by 3,011.6% during the second quarter. Clarity Financial LLC now owns 292,181 shares of the pipeline company’s stock valued at $8,590,000 after acquiring an additional 282,791 shares during the last quarter. Woodward Diversified Capital LLC boosted its stake in shares of Kinder Morgan by 41.3% during the second quarter. Woodward Diversified Capital LLC now owns 35,651 shares of the pipeline company’s stock valued at $1,048,000 after acquiring an additional 10,429 shares during the last quarter. QTR Family Wealth LLC boosted its stake in shares of Kinder Morgan by 2.7% during the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after acquiring an additional 377 shares during the last quarter. Finally, Trust Co. of Vermont boosted its stake in Kinder Morgan by 114.5% in the 2nd quarter. Trust Co. of Vermont now owns 3,919 shares of the pipeline company’s stock worth $115,000 after buying an additional 2,092 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the company’s stock in a transaction on Monday, July 28th. The shares were bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the acquisition, the director directly owned 34,764 shares of the company’s stock, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% 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 over the last ninety days. Company insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Scotiabank decreased their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Barclays reissued an “overweight” rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating on the stock. Finally, BMO Capital Markets started coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Kinder Morgan Stock Performance

NYSE KMI opened at $28.28 on Thursday. The firm has a market capitalization of $62.85 billion, a P/E ratio of 23.18, a P/E/G ratio of 3.32 and a beta of 0.78. Kinder Morgan, Inc. has a 1-year low of $22.60 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The business’s 50-day simple moving average is $27.23 and its 200-day simple moving average is $27.46.

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

Kinder Morgan Announces Dividend

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

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.