Kinder Morgan, Inc. $KMI Shares Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,028,861 shares of the pipeline company’s stock after purchasing an additional 6,300 shares during the period. Kinder Morgan accounts for 1.0% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 28th largest holding. Hennessy Advisors Inc.’s holdings in Kinder Morgan were worth $30,249,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Segment Wealth Management LLC raised its position in Kinder Morgan by 6.7% during the 2nd quarter. Segment Wealth Management LLC now owns 37,031 shares of the pipeline company’s stock worth $1,089,000 after buying an additional 2,329 shares during the last quarter. Precedent Wealth Partners LLC raised its position in Kinder Morgan by 10.4% during the 2nd quarter. Precedent Wealth Partners LLC now owns 76,841 shares of the pipeline company’s stock worth $2,259,000 after buying an additional 7,230 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Kinder Morgan by 9.0% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 82,185 shares of the pipeline company’s stock worth $2,416,000 after buying an additional 6,773 shares during the last quarter. Hilltop National Bank purchased a new position in Kinder Morgan during the 2nd quarter worth $279,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Kinder Morgan by 8.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 264,264 shares of the pipeline company’s stock worth $7,769,000 after buying an additional 20,981 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,759 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president directly owned 225,868 shares in the company, valued at $6,098,436. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 over the last three months. Company insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on KMI shares. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 14th. Barclays reiterated an “overweight” rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target for the company. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, TD Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.50 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $27.27 and a two-hundred day moving average price of $27.47. Kinder Morgan, Inc. has a twelve month low of $23.06 and a twelve month high of $31.48. The company has a market capitalization of $63.32 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

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.