Graney & King LLC Boosts Position in Kinder Morgan, Inc. $KMI

Graney & King LLC lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 103.7% in the 1st quarter, Holdings Channel reports. The firm owned 1,670 shares of the pipeline company’s stock after acquiring an additional 850 shares during the period. Graney & King LLC’s holdings in Kinder Morgan were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Morton Capital Management LLC CA grew its holdings in shares of Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after purchasing an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock worth $1,396,000 after purchasing an additional 378 shares in the last quarter. Diligent Investors LLC grew its holdings in shares of Kinder Morgan by 1.5% during the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company’s stock worth $715,000 after purchasing an additional 381 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock worth $601,000 after purchasing an additional 381 shares in the last quarter. Finally, Aspiriant LLC grew its holdings in shares of Kinder Morgan by 1.7% during the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company’s stock worth $677,000 after purchasing an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In related news, VP Sital K. Mody sold 45,549 shares of the business’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 legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total value of $171,414.80. Following the completion of the transaction, the vice president directly owned 232,034 shares in the company, valued at approximately $6,450,545.20. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,842 shares of company stock worth $3,896,180. 12.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KMI shares. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research report on Monday, July 7th. Scotiabank boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 18th. Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating for the company. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Friday, July 25th. Finally, Wells Fargo & Company increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $31.20.

Kinder Morgan Price Performance

KMI opened at $26.84 on Thursday. The stock has a fifty day simple moving average of $27.58 and a two-hundred day simple moving average of $27.32. 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 company has a market cap of $59.63 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company earned $0.26 earnings per share. 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. Research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s payout ratio is presently 95.90%.

Kinder Morgan 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.