Keeler Thomas Management LLC Invests $1.91 Million in Kinder Morgan, Inc. $KMI

Keeler Thomas Management LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 64,950 shares of the pipeline company’s stock, valued at approximately $1,910,000.

A number of other institutional investors also recently bought and sold shares of KMI. Brighton Jones LLC acquired a new stake in Kinder Morgan in the 4th quarter worth approximately $308,000. GAMMA Investing LLC boosted its stake in Kinder Morgan by 9.3% in the 1st quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company’s stock worth $1,004,000 after purchasing an additional 3,003 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Kinder Morgan by 105.7% in the 1st quarter. Golden State Wealth Management LLC now owns 6,887 shares of the pipeline company’s stock worth $197,000 after purchasing an additional 3,539 shares in the last quarter. HBK Sorce Advisory LLC acquired a new stake in Kinder Morgan in the 1st quarter worth approximately $211,000. Finally, Perigon Wealth Management LLC boosted its stake in Kinder Morgan by 3.9% in the 1st quarter. Perigon Wealth Management LLC now owns 14,717 shares of the pipeline company’s stock worth $420,000 after purchasing an additional 547 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction 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 represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock worth $3,727,678 in the last 90 days. 12.73% of the stock is owned by insiders.

Analysts Set New Price Targets

KMI has been the subject of several research reports. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday, October 9th. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Finally, TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $31.13.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $25.88 on Friday. The firm has a market cap of $57.51 billion, a PE ratio of 21.21, a PEG ratio of 3.07 and a beta of 0.78. The firm has a fifty day moving average of $27.28 and a 200 day moving average of $27.43. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts predict 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 will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

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.