Ingalls & Snyder LLC Has $4.57 Million Position in Kinder Morgan, Inc. $KMI

Ingalls & Snyder LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,353 shares of the pipeline company’s stock after purchasing an additional 2,617 shares during the quarter. Ingalls & Snyder LLC’s holdings in Kinder Morgan were worth $4,567,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KMI. Sierra Ocean LLC increased its holdings in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares in the last quarter. JNBA Financial Advisors lifted its holdings in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares during the period. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan during the 2nd quarter valued at $34,000. Finally, Clearstead Trust LLC acquired a new position in Kinder Morgan during the first quarter worth $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Down 1.4%

NYSE KMI opened at $25.88 on Friday. The business’s fifty day moving average is $27.28 and its 200-day moving average is $27.44. 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 stock has a market capitalization of $57.51 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 3.03 and a beta of 0.78. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. 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 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.2925 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.5%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other 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 value of $173,696.22. Following the completion of the transaction, the vice president directly owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This trade represents a 2.73% decrease in their ownership of the stock. 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 Kinder Morgan stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president directly owned 292,000 shares of the company’s stock, valued at $7,898,600. The trade was a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 in the last quarter. Insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on KMI shares. TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 price objective for the company. 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. Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating on the stock. Jefferies Financial Group started coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price for the company. Finally, Scotiabank dropped their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.13.

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.