Kinder Morgan, Inc. $KMI Shares Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 29.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 66,390 shares of the pipeline company’s stock after buying an additional 15,180 shares during the quarter. Level Four Advisory Services LLC’s holdings in Kinder Morgan were worth $1,952,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KMI. Nuveen LLC acquired a new stake in Kinder Morgan during the first quarter worth about $205,966,000. 59 North Capital Management LP acquired a new position in shares of Kinder Morgan during the first quarter valued at $195,658,000. Goldman Sachs Group Inc. boosted its holdings in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after acquiring an additional 5,529,065 shares during the period. Vanguard Group Inc. grew its position in shares of Kinder Morgan by 1.5% during 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 last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Kinder Morgan by 55.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock worth $250,057,000 after acquiring an additional 3,037,095 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis acquired 3,800 shares of the company’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director owned 39,051 shares in the company, valued at $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was bought at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the transaction, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. 12.73% of the stock is owned by insiders.

Kinder Morgan Price Performance

KMI stock opened at $27.16 on Friday. 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 one year low of $23.94 and a one year high of $31.48. The firm has a market capitalization of $60.42 billion, a PE ratio of 22.26, a P/E/G ratio of 3.01 and a beta of 0.77. The firm has a 50-day moving average of $27.12 and a two-hundred day moving average of $27.41.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm’s quarterly 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 forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KMI shares. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a report on Thursday, October 9th. Finally, Mizuho lowered their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.33.

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.