Cypress Capital Group Buys 2,160 Shares of Kinder Morgan, Inc. $KMI

Cypress Capital Group grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,235 shares of the pipeline company’s stock after purchasing an additional 2,160 shares during the period. Cypress Capital Group’s holdings in Kinder Morgan were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Westwood Holdings Group Inc. grew its position in Kinder Morgan by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock worth $183,793,000 after acquiring an additional 794,388 shares during the last quarter. Burney Co. grew its position in Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after acquiring an additional 252,736 shares during the last quarter. Aberdeen Group plc grew its position in Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock worth $66,581,000 after acquiring an additional 609,748 shares during the last quarter. Columbus Macro LLC grew its position in Kinder Morgan by 7.4% during the 1st quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company’s stock worth $9,799,000 after acquiring an additional 23,520 shares during the last quarter. Finally, Eagle Global Advisors LLC grew its position in Kinder Morgan by 15.6% during the 1st quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock worth $29,000,000 after acquiring an additional 137,030 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Down 1.5%

NYSE:KMI opened at $27.12 on Monday. The stock’s fifty day moving average price is $27.26 and its two-hundred day moving average price is $27.44. Kinder Morgan, Inc. has a 52-week low of $23.86 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The company has a market cap of $60.25 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 3.19 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. BMO Capital Markets initiated coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Wells Fargo & Company increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Morgan Stanley set a $30.00 price target on Kinder Morgan in a research report on Thursday. Finally, Scotiabank reduced their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $30.88.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction 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 transaction, the vice president owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock worth $3,727,678 over the last 90 days. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Company 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.