Waterloo Capital L.P. Acquires 11,496 Shares of Kinder Morgan, Inc. $KMI

Waterloo Capital L.P. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,331 shares of the pipeline company’s stock after acquiring an additional 11,496 shares during the period. Waterloo Capital L.P.’s holdings in Kinder Morgan were worth $4,008,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan in the second quarter valued at approximately $26,000. Cranbrook Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 116.1% during the 2nd 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 during the 2nd quarter worth $34,000. Clearstead Trust LLC acquired a new position in Kinder Morgan in the 1st quarter worth about $40,000. Finally, N.E.W. Advisory Services LLC bought a new position in Kinder Morgan in the first quarter valued at about $46,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, Chairman Richard D. Kinder acquired 1,000,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were purchased at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the transaction, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of KMI opened at $26.98 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The firm’s fifty day simple moving average is $27.18 and its two-hundred day simple moving average is $27.43. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The stock has a market capitalization of $60.02 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research reports. Mizuho dropped their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Jefferies Financial Group started coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Royal Bank Of Canada boosted their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Finally, Scotiabank reduced their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $31.19.

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.