Winnow Wealth LLC Makes New Investment in Kinder Morgan, Inc. $KMI

Winnow Wealth LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,480 shares of the pipeline company’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Westwood Holdings Group Inc. boosted its position in shares of Kinder Morgan by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after acquiring an additional 794,388 shares during the last quarter. Burney Co. increased its holdings in shares of Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after buying an additional 252,736 shares during the last quarter. Aberdeen Group plc raised its position in shares of Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after buying an additional 609,748 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Kinder Morgan by 9.9% during the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after acquiring an additional 13,150 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new position in Kinder Morgan in the second quarter worth $1,713,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 1.3%

NYSE:KMI opened at $27.17 on Thursday. The firm has a market capitalization of $60.45 billion, a P/E ratio of 22.13, 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. The company has a fifty day moving average of $27.21 and a 200 day moving average of $27.43. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The business 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 8.57%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research 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 declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the sale, the vice president directly owned 213,536 shares in the company, valued at approximately $5,765,472. This trade represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy W. Chronis bought 3,800 shares of Kinder Morgan stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $506,660. Company insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Friday, July 25th. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Scotiabank reduced their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Finally, Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research note on Thursday, October 9th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $31.19.

Kinder Morgan 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.