Kinder Morgan, Inc. $KMI Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 9.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,185 shares of the pipeline company’s stock after buying an additional 6,773 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Kinder Morgan were worth $2,416,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KMI. Brighton Jones LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth about $308,000. Merit Financial Group LLC boosted its stake in shares of Kinder Morgan by 10.5% in the first quarter. Merit Financial Group LLC now owns 71,814 shares of the pipeline company’s stock worth $2,049,000 after buying an additional 6,830 shares during the last quarter. RFG Advisory LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth about $415,000. Portside Wealth Group LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth about $203,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Kinder Morgan by 15.9% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 31,051 shares of the pipeline company’s stock worth $886,000 after buying an additional 4,254 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $28.50 on Friday. The business has a 50 day simple moving average of $27.27 and a two-hundred day simple moving average of $27.47. Kinder Morgan, Inc. has a 12 month low of $23.06 and a 12 month high of $31.48. The stock has a market capitalization of $63.32 billion, a P/E ratio of 23.36, a PEG ratio of 3.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business’s revenue was up 13.2% 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 predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.1%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Saturday, September 27th. BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target for the company. Barclays reaffirmed an “overweight” rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $31.25.

Insider Buying and Selling at Kinder Morgan

In other news, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 292,000 shares of the company’s stock, valued at $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is owned by insiders.

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.