KPP Advisory Services LLC Acquires 3,189 Shares of Kinder Morgan, Inc. $KMI

KPP Advisory Services LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 27.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,643 shares of the pipeline company’s stock after purchasing an additional 3,189 shares during the quarter. KPP Advisory Services LLC’s holdings in Kinder Morgan were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in KMI. Alhambra Investment Management LLC raised its position in Kinder Morgan by 2.3% in the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after acquiring an additional 363 shares during the period. Relyea Zuckerberg Hanson LLC increased its stake in shares of Kinder Morgan by 4.2% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock worth $276,000 after purchasing an additional 374 shares during the last quarter. Morton Capital Management LLC CA raised its holdings in shares of Kinder Morgan by 1.0% in the 1st 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 during the period. QTR Family Wealth LLC lifted its stake in Kinder Morgan by 2.7% in the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after purchasing an additional 377 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its holdings in Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock valued at $1,396,000 after purchasing an additional 378 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of several research reports. TD Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 target price on the stock. Barclays restated an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Saturday, September 27th. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating for the company. Finally, Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. Eleven 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.com, the company has an average rating of “Moderate Buy” and an average price target of $31.25.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 sale, the executive vice president owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock valued at $3,553,982 over the last 90 days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.93 on Tuesday. The company has a 50 day moving average of $27.28 and a 200 day moving average of $27.46. 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 stock has a market cap of $62.06 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.35 and a beta of 0.78. Kinder Morgan, Inc. has a 12 month low of $23.06 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

About Kinder Morgan

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.