Valeo Financial Advisors LLC Increases Stake in Kinder Morgan, Inc. $KMI

Valeo Financial Advisors LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 40,027 shares of the pipeline company’s stock after acquiring an additional 805 shares during the period. Valeo Financial Advisors LLC’s holdings in Kinder Morgan were worth $1,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMI. Sierra Ocean LLC grew its stake in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares during the period. JNBA Financial Advisors grew its position in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after buying an additional 870 shares during the period. Cranbrook Wealth Management LLC grew its position 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 worth $31,000 after buying an additional 562 shares during the period. Grove Bank & Trust grew its holdings in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC purchased a new stake in Kinder Morgan in the second quarter worth about $34,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.3%

Kinder Morgan stock opened at $28.01 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a one year low of $23.06 and a one year high of $31.48. The stock has a market capitalization of $62.23 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 3.28 and a beta of 0.78. The business’s fifty day moving average is $27.28 and its 200 day moving average is $27.46.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent research reports. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Stifel Nicolaus upped their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. Morgan Stanley increased their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Scotiabank cut their target price on 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. Finally, Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy W. Chronis bought 2,759 shares of the company’s stock in a transaction on Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 134,174 shares of company stock valued at $3,727,678 in the last ninety days. Corporate 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.