UNIVEST FINANCIAL Corp Purchases 1,678 Shares of Kinder Morgan, Inc. $KMI

UNIVEST FINANCIAL Corp lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 5.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,554 shares of the pipeline company’s stock after purchasing an additional 1,678 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Kinder Morgan were worth $957,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC boosted its holdings in Kinder Morgan by 927.1% in 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 in the last quarter. Cranbrook Wealth Management LLC boosted its holdings in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan in the second quarter valued at $34,000. Clearstead Trust LLC bought a new stake in Kinder Morgan in the first quarter valued at $40,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Kinder Morgan in the first quarter valued at $46,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 88,625 shares of company stock worth $2,454,128. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

KMI opened at $26.06 on Friday. The firm has a market cap of $57.98 billion, a PE ratio of 21.36, a P/E/G ratio of 3.01 and a beta of 0.78. The stock has a 50-day moving average price of $27.24 and a 200-day moving average price of $27.44. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53.

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

Kinder Morgan Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on KMI shares. Scotiabank cut their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating for the company. Jefferies Financial Group initiated coverage on Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective for the company. Wells Fargo & Company raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, BMO Capital Markets initiated coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.13.

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.