Cohen Investment Advisors LLC Grows Position in Kinder Morgan, Inc. $KMI

Cohen Investment Advisors LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 146,298 shares of the pipeline company’s stock after buying an additional 2,591 shares during the quarter. Kinder Morgan makes up about 2.2% of Cohen Investment Advisors LLC’s investment portfolio, making the stock its 15th largest position. Cohen Investment Advisors LLC’s holdings in Kinder Morgan were worth $4,301,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KMI. Sierra Ocean LLC lifted its holdings in shares of 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 buying an additional 788 shares in the last quarter. JNBA Financial Advisors increased its position in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC increased its position 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 worth $31,000 after purchasing an additional 562 shares during the last quarter. Grove Bank & Trust increased its position 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 last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in Kinder Morgan in the second quarter worth $34,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,174 shares of company stock valued at $3,727,678. Company insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KMI. Barclays restated an “overweight” rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday. Morgan Stanley boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company boosted 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 analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.25.

Kinder Morgan Trading Up 0.5%

KMI stock opened at $28.14 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a twelve month low of $23.19 and a twelve month high of $31.48. The stock has a market capitalization of $62.53 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 3.29 and a beta of 0.78. The firm’s fifty day simple moving average is $27.29 and its two-hundred day simple moving average is $27.47.

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

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.2%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

About Kinder Morgan

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.