KPP Advisory Services LLC Acquires 3,189 Shares of Kinder Morgan, Inc. $KMI

KPP Advisory Services LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 27.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,643 shares of the pipeline company’s stock after buying an additional 3,189 shares during the period. KPP Advisory Services LLC’s holdings in Kinder Morgan were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KMI. Nuveen LLC bought a new position in Kinder Morgan in the first quarter worth approximately $205,966,000. 59 North Capital Management LP bought a new position in Kinder Morgan in the first quarter worth approximately $195,658,000. Goldman Sachs Group Inc. raised its stake in Kinder Morgan by 37.5% in 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. increased its position in shares of Kinder Morgan by 55.5% during the second quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock worth $250,057,000 after purchasing an additional 3,037,095 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Kinder Morgan during the second quarter worth $68,124,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction on Monday, July 28th. The shares were bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the sale, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 in the last 90 days. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of KMI opened at $26.31 on Friday. The firm has a market capitalization of $58.45 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The company’s fifty day moving average price is $27.29 and its 200-day moving average price is $27.42.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.58%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMI. Jefferies Financial Group began coverage on Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target on the stock. Scotiabank reduced their price target on 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. Stifel Nicolaus upped their price target 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 began coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating on the stock. Finally, BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

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.