Kinder Morgan, Inc. $KMI Stock: NorthCrest Asset Manangement LLC Increases Holdings

NorthCrest Asset Manangement LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 572,070 shares of the pipeline company’s stock after acquiring an additional 15,581 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Kinder Morgan were worth $18,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Perpetual Ltd grew its stake in shares of Kinder Morgan by 16.9% in the 3rd quarter. Perpetual Ltd now owns 20,319 shares of the pipeline company’s stock valued at $613,000 after purchasing an additional 2,944 shares during the last quarter. Sacks & Associates LLC purchased a new stake in shares of Kinder Morgan during the third quarter worth approximately $581,000. Dupree Financial Group LLC raised its stake in shares of Kinder Morgan by 2.1% during the third quarter. Dupree Financial Group LLC now owns 200,723 shares of the pipeline company’s stock worth $6,052,000 after purchasing an additional 4,182 shares during the last quarter. Oak Grove Capital LLC lifted its holdings in shares of Kinder Morgan by 4.4% during the third quarter. Oak Grove Capital LLC now owns 439,412 shares of the pipeline company’s stock worth $13,248,000 after purchasing an additional 18,575 shares during the period. Finally, Valley Wealth Managers Inc. lifted its holdings in shares of Kinder Morgan by 1.3% during the third quarter. Valley Wealth Managers Inc. now owns 169,865 shares of the pipeline company’s stock worth $5,121,000 after purchasing an additional 2,222 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KMI. Jefferies Financial Group dropped their price objective on shares of Kinder Morgan from $35.00 to $33.00 and set a “hold” rating on the stock in a research note on Thursday, September 17th. Citigroup restated a “neutral” rating and issued a $34.00 target price (up from $33.00) on shares of Kinder Morgan in a research note on Wednesday, July 29th. Morgan Stanley set a $33.00 target price on shares of Kinder Morgan in a report on Thursday, September 17th. Argus boosted their price target on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, UBS Group reissued a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.47.

Kinder Morgan Stock Performance

NYSE:KMI opened at $33.06 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $73.61 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 2.29 and a beta of 0.59. The firm has a 50-day moving average price of $31.51 and a two-hundred day moving average price of $32.03. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a $0.2975 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the transaction, the vice president owned 48,863 shares in the company, valued at $1,504,980.40. This trade represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.