Hobbs Group Advisors LLC Boosts Position in Kinder Morgan, Inc. $KMI

Hobbs Group Advisors LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 32.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,448 shares of the pipeline company’s stock after buying an additional 11,948 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Kinder Morgan were worth $1,424,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC lifted its holdings in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares during the period. JNBA Financial Advisors lifted its holdings in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares during the period. Cranbrook Wealth Management LLC lifted 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 valued at $31,000 after acquiring an additional 562 shares during the period. Grove Bank & Trust lifted its holdings in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC acquired a new position in Kinder Morgan in the second quarter valued at approximately $34,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 1.5%

Shares of KMI opened at $27.12 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a one year low of $23.86 and a one year high of $31.48. The stock has a market capitalization of $60.25 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.19 and a beta of 0.78. The stock has a 50 day moving average price of $27.26 and a 200 day moving average price of $27.44.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the business earned $0.26 earnings per share. 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. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s payout ratio is presently 95.90%.

Analysts Set New Price Targets

A number of brokerages have issued reports on KMI. Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating for the company. Stifel Nicolaus upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research note on Thursday. Finally, Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.88.

Insider Activity

In related news, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the sale, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the sale, the vice president owned 219,702 shares of the company’s stock, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 in the last three months. Company 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.