D.A. Davidson & CO. Boosts Stake in Kinder Morgan, Inc. $KMI

D.A. Davidson & CO. raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 640,898 shares of the pipeline company’s stock after buying an additional 1,432 shares during the period. D.A. Davidson & CO.’s holdings in Kinder Morgan were worth $18,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. boosted its position in Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after buying an additional 794,388 shares during the last quarter. Burney Co. boosted its position in Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after buying an additional 252,736 shares during the last quarter. Aberdeen Group plc boosted its position in Kinder Morgan by 35.2% in the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after buying an additional 609,748 shares during the last quarter. Eagle Global Advisors LLC lifted its position in shares of Kinder Morgan by 15.6% during the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock worth $29,000,000 after purchasing an additional 137,030 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in Kinder Morgan in the first quarter worth about $6,814,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Amy W. Chronis purchased 2,759 shares of the company’s stock in a transaction on Monday, July 28th. The shares were bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the purchase, the director owned 34,764 shares of the company’s stock, valued at $945,928.44. This trade 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 the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 in the last ninety days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $27.58 on Thursday. The firm has a market cap of $61.27 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 3.23 and a beta of 0.78. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The company’s 50-day moving average price is $27.30 and its 200 day moving average price is $27.42. 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 (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the business earned $0.25 earnings per share. Kinder Morgan’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, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.2925 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank cut their price objective 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Morgan Stanley set a $30.00 target price on Kinder Morgan in a report on Thursday, October 9th. Jefferies Financial Group initiated coverage on Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 target price on the stock. Finally, Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Friday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.13.

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.