Oak Grove Capital LLC Acquires 161,300 Shares of Kinder Morgan, Inc. $KMI

Oak Grove Capital LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 253.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,900 shares of the pipeline company’s stock after purchasing an additional 161,300 shares during the quarter. Kinder Morgan accounts for about 1.1% of Oak Grove Capital LLC’s portfolio, making the stock its 21st largest position. Oak Grove Capital LLC’s holdings in Kinder Morgan were worth $6,612,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC raised its stake in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares during the period. JNBA Financial Advisors raised its stake in shares of Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares during the period. Cranbrook Wealth Management LLC raised its stake in shares of Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the period. Wolff Wiese Magana LLC purchased a new stake in shares of Kinder Morgan in the second quarter valued at $34,000. Finally, Clearstead Trust LLC purchased a new stake in shares of Kinder Morgan in the first quarter valued at $40,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s 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 completion of the sale, the vice president owned 219,702 shares in the company, valued at $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 in the last 90 days. Insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Saturday. TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. Finally, Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating on the stock. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Kinder Morgan Stock Down 1.4%

Shares of Kinder Morgan stock opened at $25.88 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 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 firm’s 50-day moving average is $27.28 and its two-hundred day moving average is $27.45. The stock has a market cap of $57.51 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.99 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 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.