Kinder Morgan, Inc. $KMI Shares Bought by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2,840.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,600 shares of the pipeline company’s stock after buying an additional 257,532 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Kinder Morgan were worth $7,838,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KMI. Nuveen LLC acquired a new position in Kinder Morgan during the first quarter worth about $205,966,000. 59 North Capital Management LP purchased a new position in Kinder Morgan in the 1st quarter worth approximately $195,658,000. Goldman Sachs Group Inc. boosted its holdings in shares of Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after purchasing an additional 5,529,065 shares during the last quarter. Vanguard Group Inc. grew 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 valued at $6,092,253,000 after purchasing an additional 3,070,609 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Kinder Morgan by 55.5% in the second quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock valued at $250,057,000 after purchasing an additional 3,037,095 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $26.97 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a market cap of $59.99 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The business’s fifty day simple moving average is $27.14 and its 200-day simple moving average is $27.42. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the firm earned $0.25 EPS. The business’s 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. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s payout ratio is presently 95.90%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of analyst reports. Jefferies Financial Group assumed coverage on Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective on the stock. Mizuho reduced their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Scotiabank dropped their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Insiders Place Their Bets

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 transaction of $173,696.22. Following the completion of the transaction, the vice president directly owned 219,702 shares in the company, 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 filing with the SEC, which is available at the SEC website. Also, Director Amy W. Chronis acquired 3,800 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. 12.73% of the stock is owned by insiders.

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.