MBB Public Markets I LLC Takes $324,000 Position in Kinder Morgan, Inc. $KMI

MBB Public Markets I LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,357 shares of the pipeline company’s stock, valued at approximately $324,000.

Other institutional investors also recently modified their holdings of the company. Morton Capital Management LLC CA raised its stake in Kinder Morgan by 1.0% in the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock valued at $1,084,000 after purchasing an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in Kinder Morgan by 0.8% in 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 in the last quarter. Signaturefd LLC raised its stake in Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock valued at $601,000 after purchasing an additional 381 shares in the last quarter. Aspiriant LLC raised its stake in Kinder Morgan by 1.7% in the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company’s stock valued at $677,000 after purchasing an additional 396 shares in the last quarter. Finally, Presima Securities ULC raised its stake in Kinder Morgan by 0.9% in the first quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company’s stock valued at $1,335,000 after purchasing an additional 396 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Scotiabank boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 18th. TD Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 target price for the company. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Finally, Barclays reissued an “overweight” rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.20.

Insiders Place Their Bets

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis purchased 2,759 shares of the business’s stock in a transaction on Monday, July 28th. The shares were acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the acquisition, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 128,008 shares of company stock valued at $3,553,982 over the last three months. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.50 on Tuesday. The business’s 50 day simple moving average is $27.31 and its 200 day simple moving average is $27.34. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48. The stock has a market capitalization of $58.87 billion, a PE ratio of 21.72, a PEG ratio of 3.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS 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 business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’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. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan’s dividend 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.