R Squared Ltd Acquires New Stake in Kinder Morgan, Inc. $KMI

R Squared Ltd acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,500 shares of the pipeline company’s stock, valued at approximately $309,000.

A number of other hedge funds also recently bought and sold shares of KMI. Sierra Ocean LLC increased its position in 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 during the last quarter. JNBA Financial Advisors grew its holdings in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 870 shares during the period. Cranbrook Wealth Management LLC grew its holdings in Kinder Morgan by 116.1% during the second 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 second quarter valued at about $34,000. Finally, Clearstead Trust LLC bought a new stake in Kinder Morgan during the first quarter valued at about $40,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $25.88 on Friday. The firm has a market cap of $57.51 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 3.07 and a beta of 0.78. 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 business has a 50-day moving average price of $27.28 and a 200-day moving average price of $27.43. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating for the company. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Insider Buying and Selling

In related news, VP Sital K. Mody sold 45,549 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. 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 ninety days. Company insiders own 12.73% of the company’s stock.

Kinder Morgan 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.