Global Wealth Management Investment Advisory Inc. Has $1.46 Million Holdings in Kinder Morgan, Inc. $KMI

Global Wealth Management Investment Advisory Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 6.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,643 shares of the pipeline company’s stock after buying an additional 3,107 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Kinder Morgan were worth $1,460,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Jefferies Financial Group assumed coverage on Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research report on Thursday, October 9th. 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 report on Friday, September 19th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $26.55 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. 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 stock’s fifty day simple moving average is $27.16 and its two-hundred day simple moving average is $27.42. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results 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 net margin of 16.61% and a return on equity of 8.57%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s 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, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal 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 paid 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 is Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This represents a 9.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 42,459 shares valued at $1,155,114. Corporate insiders own 12.73% of the company’s stock.

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.