Leo Wealth LLC Makes New $256,000 Investment in Kinder Morgan, Inc. $KMI

Leo Wealth LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,712 shares of the pipeline company’s stock, valued at approximately $256,000.

A number of other institutional investors have also modified their holdings of KMI. Nuveen LLC purchased a new position in shares of Kinder Morgan during the first quarter worth approximately $205,966,000. 59 North Capital Management LP purchased a new position in shares of Kinder Morgan during the first quarter worth approximately $195,658,000. Goldman Sachs Group Inc. increased its position in shares of Kinder Morgan by 37.5% during the first 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 period. Assenagon Asset Management S.A. increased its position in shares of Kinder Morgan by 55.5% during the second quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock worth $250,057,000 after acquiring an additional 3,037,095 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Kinder Morgan during the second quarter worth approximately $68,124,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the sale, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction dated Monday, July 28th. The shares were bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the purchase, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 134,174 shares of company stock valued at $3,727,678. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $27.12 on Friday. The firm’s fifty day simple moving average is $27.26 and its two-hundred day simple moving average is $27.45. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 12-month low of $23.86 and a 12-month high of $31.48. The firm has a market capitalization of $60.25 billion, a P/E ratio of 22.23, a P/E/G ratio of 3.24 and a beta of 0.78.

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

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s payout ratio is currently 95.90%.

Analyst Ratings Changes

KMI has been the topic of a number of research reports. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 target price on the stock. Scotiabank cut their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.88.

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.