Shorepoint Capital Partners LLC Makes New Investment in Kinder Morgan, Inc. $KMI

Shorepoint Capital Partners LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 205,928 shares of the pipeline company’s stock, valued at approximately $5,830,000. Kinder Morgan accounts for about 1.2% of Shorepoint Capital Partners LLC’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan in the second quarter valued at approximately $26,000. Cranbrook Wealth Management LLC raised its holdings in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares during the period. Wolff Wiese Magana LLC bought a new position in Kinder Morgan during the 2nd quarter worth about $34,000. CoreFirst Bank & Trust bought a new stake in Kinder Morgan in the 2nd quarter valued at approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Kinder Morgan in the second quarter valued at $40,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.81, for a total value of $171,476.46. Following the sale, the vice president directly owned 207,370 shares of the company’s stock, valued at $5,766,959.70. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard D. Kinder bought 1,000,000 shares of Kinder Morgan stock in a transaction on Monday, October 27th. The stock was acquired at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the acquisition, 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 position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 0.1%

KMI stock opened at $26.76 on Tuesday. The stock’s 50 day moving average is $26.92 and its 200-day moving average is $27.35. The firm has a market capitalization of $59.52 billion, a PE ratio of 21.93, a P/E/G ratio of 2.35 and a beta of 0.67. The company has a quick ratio of 0.49, 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 announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business’s revenue for the quarter 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. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KMI shares. Royal Bank Of Canada increased their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Stifel Nicolaus increased their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday, October 9th. Finally, Mizuho decreased 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 equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target 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.