Truepoint Inc. Invests $754,000 in Kinder Morgan, Inc. $KMI

Truepoint Inc. purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, HoldingsChannel.com reports. The firm purchased 25,656 shares of the pipeline company’s stock, valued at approximately $754,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $308,000. Welch & Forbes LLC acquired a new stake in Kinder Morgan in the 1st quarter valued at about $348,000. Commerzbank Aktiengesellschaft FI raised its position in Kinder Morgan by 43.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 23,602 shares of the pipeline company’s stock worth $674,000 after acquiring an additional 7,165 shares during the last quarter. Private Advisor Group LLC raised its position in Kinder Morgan by 8.7% during the first quarter. Private Advisor Group LLC now owns 194,607 shares of the pipeline company’s stock worth $5,552,000 after acquiring an additional 15,553 shares during the last quarter. Finally, Csenge Advisory Group lifted its holdings in shares of Kinder Morgan by 1.2% in the first quarter. Csenge Advisory Group now owns 37,162 shares of the pipeline company’s stock valued at $1,007,000 after purchasing an additional 456 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan 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 value of $173,696.22. Following the transaction, the vice president owned 219,702 shares in the company, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The shares were bought at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the purchase, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.40 on Friday. The company has a market cap of $60.97 billion, a P/E ratio of 22.46, a P/E/G ratio of 3.01 and a beta of 0.77. The business has a fifty day simple moving average of $27.20 and a 200-day simple moving average of $27.42. 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.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (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 analyst estimates of $3.98 billion. During the same period last year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s dividend payout ratio is 95.90%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KMI shares. Jefferies Financial Group started coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Morgan Stanley set a $30.00 price target on Kinder Morgan in a report on Thursday, October 9th. Mizuho decreased their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $31.19.

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.