J.W. Cole Advisors Inc. Raises Stock Position in Kinder Morgan, Inc. $KMI

J.W. Cole Advisors Inc. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 12.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,004 shares of the pipeline company’s stock after buying an additional 11,870 shares during the period. J.W. Cole Advisors Inc.’s holdings in Kinder Morgan were worth $3,205,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan during the second quarter worth approximately $26,000. Cranbrook Wealth Management LLC boosted its holdings 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 worth $31,000 after purchasing an additional 562 shares during the period. Wolff Wiese Magana LLC bought a new position in shares of Kinder Morgan during the 2nd quarter valued at approximately $34,000. Clearstead Trust LLC purchased a new stake in Kinder Morgan during the 1st quarter valued at $40,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Kinder Morgan in the first quarter worth $46,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.7%

Shares of NYSE KMI opened at $26.97 on Thursday. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The firm has a market cap of $59.99 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The business has a fifty day simple moving average of $27.14 and a two-hundred day simple moving average of $27.42. 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 announced its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate 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 return on equity of 8.57% and a net margin of 16.61%.The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. 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 declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a $0.2925 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s payout ratio is currently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Mizuho dropped their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research report on Thursday, October 9th. BMO Capital Markets began coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Finally, Scotiabank cut their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Chairman Richard D. Kinder acquired 1,000,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were purchased at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the purchase, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the transaction, the vice president directly owned 213,536 shares of the company’s stock, valued at $5,765,472. This trade represents a 2.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. Corporate insiders own 12.73% of the company’s stock.

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.