Whalen Wealth Management Inc. Buys New Position in Kinder Morgan, Inc. $KMI

Whalen Wealth Management Inc. bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,985 shares of the pipeline company’s stock, valued at approximately $264,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC increased its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after buying an additional 788 shares in the last quarter. JNBA Financial Advisors increased its holdings in shares of Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 870 shares during the period. Cranbrook Wealth Management LLC increased its holdings in shares of Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares during the period. Wolff Wiese Magana LLC acquired a new position in shares of Kinder Morgan in the second quarter valued at about $34,000. Finally, Clearstead Trust LLC acquired a new position in shares of Kinder Morgan in the first quarter valued at about $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In related news, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research reports. Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating on the stock. BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a report on Thursday, October 9th. 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 report on Friday, September 19th. Finally, Stifel Nicolaus increased their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Ten equities research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Kinder Morgan Stock Down 0.8%

Shares of KMI opened at $25.87 on Thursday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $57.55 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 3.03 and a beta of 0.78. The stock’s 50-day moving average price is $27.26 and its 200-day moving average price is $27.45.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company’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. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.5%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

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.