Kuhn & Co Investment Counsel Acquires New Position in Kinder Morgan, Inc. $KMI

Kuhn & Co Investment Counsel bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,256 shares of the pipeline company’s stock, valued at approximately $272,000.

Several other institutional investors have also modified their holdings of the business. LFA Lugano Financial Advisors SA acquired a new stake in shares of Kinder Morgan in the second quarter valued at $26,000. Cranbrook Wealth Management LLC increased its holdings in Kinder Morgan by 116.1% during 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 acquired a new stake in Kinder Morgan in the 2nd quarter valued at about $34,000. Clearstead Trust LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at about $40,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Kinder Morgan during the first quarter worth about $46,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis purchased 3,800 shares of Kinder Morgan stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the transaction, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the stock in a transaction on Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a report on Thursday, October 9th. BMO Capital Markets started coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Stifel Nicolaus boosted their target price 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 cut their price target 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. Finally, Mizuho lowered their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.16 on Friday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The firm has a market capitalization of $60.42 billion, a P/E ratio of 22.26, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. The company’s fifty day moving average price is $27.12 and its 200 day moving average price is $27.41.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 return on equity of 8.57% and a net margin of 16.61%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the company posted $0.25 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts predict 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 was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is 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.