Sanders Morris Harris LLC Grows Stock Holdings in Kinder Morgan, Inc. $KMI

Sanders Morris Harris LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 393.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,822 shares of the pipeline company’s stock after purchasing an additional 33,343 shares during the quarter. Sanders Morris Harris LLC’s holdings in Kinder Morgan were worth $1,184,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KMI. Norges Bank acquired a new position in Kinder Morgan in the second quarter valued at $1,162,802,000. 59 North Capital Management LP purchased a new stake in Kinder Morgan in the 1st quarter valued at about $195,658,000. Merewether Investment Management LP acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at about $138,477,000. Marshall Wace LLP lifted its holdings in shares of Kinder Morgan by 364.8% during the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock worth $122,461,000 after acquiring an additional 3,269,284 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Kinder Morgan by 1.5% in the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after acquiring an additional 3,070,609 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, Director Amy W. Chronis bought 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. 12.73% of the stock is owned by company insiders.

Kinder Morgan Stock Down 1.4%

Shares of NYSE KMI opened at $26.34 on Wednesday. The stock has a fifty day moving average price of $26.89 and a 200 day moving average price of $27.34. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a market cap of $58.59 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.35 and a beta of 0.67.

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

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Wall Street Analyst Weigh In

KMI has been the subject of several research analyst reports. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target for the company. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research report on Thursday, October 9th. Royal Bank Of Canada lifted their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. UBS Group restated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research note on Friday. Finally, Stifel Nicolaus raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Kinder Morgan Company Profile

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.