Inspire Investing LLC Buys 95,978 Shares of Kinder Morgan, Inc. $KMI

Inspire Investing LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 46.6% during the second quarter, HoldingsChannel reports. The firm owned 301,908 shares of the pipeline company’s stock after acquiring an additional 95,978 shares during the quarter. Kinder Morgan makes up 1.0% of Inspire Investing LLC’s investment portfolio, making the stock its 15th largest position. Inspire Investing LLC’s holdings in Kinder Morgan were worth $8,876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMI. Brighton Jones LLC bought a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $308,000. Wealthcare Advisory Partners LLC lifted its position in shares of Kinder Morgan by 2.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 37,427 shares of the pipeline company’s stock valued at $1,068,000 after buying an additional 755 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Kinder Morgan by 9.3% in the first quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company’s stock valued at $1,004,000 after buying an additional 3,003 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at approximately $234,000. Finally, Integrated Advisors Network LLC lifted its position in shares of Kinder Morgan by 13.3% in the first quarter. Integrated Advisors Network LLC now owns 11,064 shares of the pipeline company’s stock valued at $316,000 after buying an additional 1,299 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays reaffirmed an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Stifel Nicolaus raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. BMO Capital Markets assumed coverage on Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.88.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the transaction, the vice president owned 219,702 shares in the company, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. This represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.12 on Friday. The business’s 50 day moving average is $27.26 and its 200-day moving average is $27.45. Kinder Morgan, Inc. has a 1-year low of $23.86 and a 1-year high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a market cap of $60.25 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company earned $0.26 EPS. The company’s revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Thursday, July 31st. 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.