Kinder Morgan, Inc. $KMI Shares Newly Purchased by Greg Jennings LLC

Greg Jennings LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,898 shares of the pipeline company’s stock, valued at approximately $690,000.

A number of other institutional investors have also recently added to or reduced their stakes in KMI. Abel Hall LLC increased its holdings in Kinder Morgan by 7.0% in the third quarter. Abel Hall LLC now owns 9,510 shares of the pipeline company’s stock valued at $287,000 after buying an additional 625 shares in the last quarter. Richards Merrill & Peterson Inc. lifted its position in shares of Kinder Morgan by 10.8% during the 3rd quarter. Richards Merrill & Peterson Inc. now owns 15,682 shares of the pipeline company’s stock valued at $473,000 after acquiring an additional 1,530 shares during the period. Optivise Advisory Services LLC lifted its position in shares of Kinder Morgan by 2.9% during the 3rd quarter. Optivise Advisory Services LLC now owns 12,534 shares of the pipeline company’s stock valued at $378,000 after acquiring an additional 354 shares during the period. IFP Advisors Inc boosted its stake in shares of Kinder Morgan by 1.2% during the 3rd quarter. IFP Advisors Inc now owns 62,881 shares of the pipeline company’s stock worth $1,896,000 after acquiring an additional 717 shares in the last quarter. Finally, AlphaStar Capital Management LLC boosted its stake in shares of Kinder Morgan by 1.8% during the 3rd quarter. AlphaStar Capital Management LLC now owns 54,203 shares of the pipeline company’s stock worth $1,634,000 after acquiring an additional 937 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Morgan Stanley set a $33.00 price objective on Kinder Morgan in a research note on Thursday, September 17th. Melius Research assumed coverage on Kinder Morgan in a report on Tuesday, September 22nd. They set a “buy” rating and a $38.00 price objective for the company. Stifel Nicolaus initiated coverage on Kinder Morgan in a research report on Wednesday, September 9th. They set a “hold” rating and a $35.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.47.

Kinder Morgan Price Performance

KMI stock traded down $0.78 on Monday, reaching $33.42. The company had a trading volume of 14,293,731 shares, compared to its average volume of 12,193,153. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company’s fifty day moving average is $31.69 and its 200 day moving average is $32.02. The company has a market cap of $74.43 billion, a P/E ratio of 21.43, a PEG ratio of 2.41 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. Kinder Morgan’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Insider Activity at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the sale, the vice president owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.