26,829 Shares in Kinder Morgan, Inc. $KMI Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 26,829 shares of the pipeline company’s stock, valued at approximately $789,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC bought a new position in Kinder Morgan in the 1st quarter valued at $205,966,000. 59 North Capital Management LP bought a new position in Kinder Morgan in the 1st quarter valued at $195,658,000. Goldman Sachs Group Inc. boosted its holdings in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after purchasing an additional 5,529,065 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Kinder Morgan by 55.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock valued at $250,057,000 after purchasing an additional 3,037,095 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new position in Kinder Morgan in the 2nd quarter valued at $68,124,000. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $27.34 on Tuesday. The firm has a market cap of $60.74 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $27.24 and its two-hundred day simple moving average is $27.43.

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

Kinder Morgan Announces Dividend

The company 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 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KMI shares. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research report on Thursday. Finally, Scotiabank lowered their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.88.

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.