Disciplined Investors L.L.C. Takes $208,000 Position in Kinder Morgan, Inc. $KMI

Disciplined Investors L.L.C. bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,073 shares of the pipeline company’s stock, valued at approximately $208,000.

Other large investors also recently bought and sold shares of the company. Cranbrook Wealth Management LLC boosted its stake in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after buying an additional 562 shares during the period. Wolff Wiese Magana LLC purchased a new position in Kinder Morgan in the second quarter worth approximately $34,000. Clearstead Trust LLC acquired a new position in Kinder Morgan during the 1st quarter worth approximately $40,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $46,000. Finally, Manchester Capital Management LLC raised its holdings in shares of Kinder Morgan by 170.5% in the 1st quarter. Manchester Capital Management LLC now owns 1,699 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 1,071 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the acquisition, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. This represents a 10.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the sale, the vice president directly owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 42,459 shares worth $1,155,114. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 1.7%

Shares of NYSE KMI opened at $26.55 on Friday. The business has a 50-day moving average price of $27.16 and a 200 day moving average price of $27.41. The stock has a market cap of $59.07 billion, a PE ratio of 21.76, a price-to-earnings-growth 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, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

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, meeting the consensus estimate of $0.29. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend 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%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KMI shares. Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.