Pinnacle Wealth Planning Services Inc. Has $630,000 Position in Kinder Morgan, Inc. $KMI

Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 22.5% in the second quarter, Holdings Channel.com reports. The fund owned 21,440 shares of the pipeline company’s stock after buying an additional 3,936 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Kinder Morgan were worth $630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Creative Financial Designs Inc. ADV boosted its position in shares of Kinder Morgan by 14.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after purchasing an additional 357 shares during the last quarter. L.M. Kohn & Company lifted its stake in Kinder Morgan by 3.4% in the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock valued at $322,000 after buying an additional 360 shares during the period. Alhambra Investment Management LLC boosted its holdings in Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after buying an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its position in shares of Kinder Morgan by 4.2% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock worth $276,000 after buying an additional 374 shares during the period. Finally, QTR Family Wealth LLC increased its stake in shares of Kinder Morgan by 2.7% in the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after acquiring an additional 377 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KMI. Scotiabank reduced 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 research note on Friday, September 19th. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Friday, July 25th. Finally, Mizuho decreased their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.19.

Kinder Morgan Trading Down 0.2%

KMI opened at $27.08 on Wednesday. The stock has a market capitalization of $60.25 billion, a P/E ratio of 22.20, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The firm’s fifty day simple moving average is $27.22 and its 200 day simple moving average is $27.44.

Kinder Morgan (NYSE:KMI) last released its 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. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s payout ratio is presently 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the purchase, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, October 6th. The stock was 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. This represents a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. Insiders own 12.73% of the company’s stock.

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.