Rexford Capital Inc. Acquires Shares of 34,243 Kinder Morgan, Inc. $KMI

Rexford Capital Inc. bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 34,243 shares of the pipeline company’s stock, valued at approximately $1,007,000. Kinder Morgan makes up 0.8% of Rexford Capital Inc.’s investment portfolio, making the stock its 27th biggest holding.

Other institutional investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan in the second quarter valued at about $26,000. Cranbrook Wealth Management LLC boosted its stake in shares of Kinder Morgan by 116.1% in the 2nd 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 in the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan during the 2nd quarter valued at approximately $34,000. CoreFirst Bank & Trust acquired a new position in Kinder Morgan during the 2nd quarter worth approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Kinder Morgan in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMI. Scotiabank decreased their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Jefferies Financial Group assumed coverage on Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price for the company. Mizuho cut their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president owned 219,702 shares in the company, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were acquired at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. 12.73% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Shares of KMI opened at $26.72 on Friday. The business has a 50-day moving average of $26.95 and a 200-day moving average of $27.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49. The company has a market capitalization of $59.45 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The firm’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. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 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.