Stablepoint Partners LLC Increases Stock Position in Kinder Morgan, Inc. $KMI

by · The Cerbat Gem

Stablepoint Partners LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 183,132 shares of the pipeline company’s stock after buying an additional 6,201 shares during the quarter. Stablepoint Partners LLC’s holdings in Kinder Morgan were worth $5,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Kuhn & Co Investment Counsel acquired a new stake in Kinder Morgan during the second quarter worth about $272,000. New York State Common Retirement Fund grew its holdings in shares of Kinder Morgan by 0.5% during the 2nd quarter. New York State Common Retirement Fund now owns 795,603 shares of the pipeline company’s stock worth $23,391,000 after purchasing an additional 4,173 shares during the period. West Family Investments Inc. grew its holdings in shares of Kinder Morgan by 54.4% during the 2nd quarter. West Family Investments Inc. now owns 13,186 shares of the pipeline company’s stock worth $388,000 after purchasing an additional 4,648 shares during the period. Norges Bank acquired a new stake in Kinder Morgan during the 2nd quarter worth approximately $1,162,802,000. Finally, Quadrature Capital Ltd raised its holdings in Kinder Morgan by 120.7% in the second quarter. Quadrature Capital Ltd now owns 222,263 shares of the pipeline company’s stock valued at $6,532,000 after buying an additional 121,537 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock 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 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 has a market capitalization of $60.42 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The firm’s fifty day moving average price is $27.12 and its 200 day moving average price is $27.41.

Kinder Morgan (NYSE:KMI – Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s payout ratio is currently 95.90%.

Wall Street Analysts Forecast Growth

KMI has been the subject of several research reports. BMO Capital Markets started coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a report on Thursday, October 9th. Royal Bank Of Canada increased their price target on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Finally, Mizuho reduced their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

View Our Latest Research Report on Kinder Morgan

Insider Buying and Selling at Kinder Morgan

In other news, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was acquired 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 of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy W. Chronis acquired 3,800 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director directly owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, 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. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Company Profile

(Free Report)

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.

See Also

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