Harvest Portfolios Group Inc. Buys 33,601 Shares of Kinder Morgan, Inc. $KMI

Harvest Portfolios Group Inc. increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 13.6% during the second quarter, Holdings Channel.com reports. The fund owned 280,189 shares of the pipeline company’s stock after buying an additional 33,601 shares during the period. Harvest Portfolios Group Inc.’s holdings in Kinder Morgan were worth $8,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bryn Mawr Trust Advisors LLC lifted its position in shares of Kinder Morgan by 6.7% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 12,903 shares of the pipeline company’s stock worth $379,000 after purchasing an additional 811 shares during the period. Savant Capital LLC grew its holdings in Kinder Morgan by 23.7% during the 2nd quarter. Savant Capital LLC now owns 141,531 shares of the pipeline company’s stock worth $4,161,000 after acquiring an additional 27,078 shares during the period. Texas Yale Capital Corp. raised its position in shares of Kinder Morgan by 8.7% in the 2nd quarter. Texas Yale Capital Corp. now owns 40,884 shares of the pipeline company’s stock worth $1,202,000 after acquiring an additional 3,260 shares in the last quarter. Modera Wealth Management LLC lifted its stake in shares of Kinder Morgan by 0.9% in the 2nd quarter. Modera Wealth Management LLC now owns 57,398 shares of the pipeline company’s stock valued at $1,688,000 after purchasing an additional 490 shares during the period. Finally, Twin Capital Management Inc. bought a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $723,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 3,800 shares of Kinder Morgan stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction 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 approximately $7,898,600. This represents a 9.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 42,459 shares worth $1,155,114. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $26.15 on Friday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The company’s 50 day moving average price is $27.17 and its two-hundred day moving average price is $27.40. The stock has a market cap of $58.18 billion, a P/E ratio of 21.43, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

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

Kinder Morgan Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.5%. Kinder Morgan’s dividend payout ratio is 95.90%.

Wall Street Analyst Weigh In

KMI has been the topic of several research analyst reports. Stifel Nicolaus increased their target price 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. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Friday, July 25th. Jefferies Financial Group initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, 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.