Mather Group LLC. Decreases Position in Kinder Morgan, Inc. $KMI

Mather Group LLC. lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,794 shares of the pipeline company’s stock after selling 641 shares during the period. Mather Group LLC.’s holdings in Kinder Morgan were worth $347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KMI. Nuveen LLC purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at $205,966,000. 59 North Capital Management LP purchased a new position in Kinder Morgan in the 1st quarter worth $195,658,000. Goldman Sachs Group Inc. raised its stake in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after acquiring an additional 5,529,065 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company’s stock worth $156,009,000 after acquiring an additional 3,718,521 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in Kinder Morgan in the 2nd quarter worth $68,124,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction dated Monday, July 28th. The stock was acquired at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the sale, the vice president directly owned 225,868 shares of the company’s stock, valued at $6,098,436. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock valued at $3,553,982 over the last quarter. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Up 1.0%

KMI stock opened at $28.21 on Friday. Kinder Morgan, Inc. has a one year low of $21.61 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The firm’s 50 day moving average price is $27.15 and its 200-day moving average price is $27.42. The firm has a market cap of $62.68 billion, a PE ratio of 23.12, a PEG ratio of 3.28 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. Kinder Morgan’s payout ratio is 95.90%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KMI shares. Wells Fargo & Company raised their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Morgan Stanley set a $32.00 price target on Kinder Morgan in a research report on Thursday, September 18th. Stifel Nicolaus increased their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 14th. TD Cowen began coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. Finally, Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating on the stock. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $31.06.

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.