Insider Buying: Kinder Morgan (NYSE:KMI) Director Purchases $12,788.62 in Stock

Kinder Morgan, Inc. (NYSE:KMI) Director Amy Chronis acquired 487 shares of Kinder Morgan stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average cost of $26.26 per share, for a total transaction of $12,788.62. Following the completion of the purchase, the director directly owned 35,251 shares of the company’s stock, valued at $925,691.26. This represents a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kinder Morgan Stock Performance

NYSE:KMI opened at $25.93 on Thursday. The stock’s 50-day simple moving average is $27.19 and its 200 day simple moving average is $27.41. The firm has a market capitalization of $57.69 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.Kinder Morgan’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.5%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMI. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Scotiabank cut their price target 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. Stifel Nicolaus lifted their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. BMO Capital Markets began coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Jefferies Financial Group began coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $31.13.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Kinder Morgan by 1.5% in the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after acquiring an additional 3,070,609 shares during the period. Geode Capital Management LLC lifted its stake in shares of Kinder Morgan by 1.2% in the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock worth $1,518,195,000 after acquiring an additional 599,152 shares during the period. Norges Bank acquired a new position in shares of Kinder Morgan in the second quarter worth approximately $1,162,802,000. Orbis Allan Gray Ltd lifted its stake in shares of Kinder Morgan by 3.1% in the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after acquiring an additional 670,856 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Kinder Morgan by 2.8% in the second quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock worth $645,310,000 after acquiring an additional 603,197 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

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.