Oak Grove Capital LLC Purchases 161,300 Shares of Kinder Morgan, Inc. $KMI

Oak Grove Capital LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 253.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 224,900 shares of the pipeline company’s stock after buying an additional 161,300 shares during the period. Kinder Morgan accounts for about 1.1% of Oak Grove Capital LLC’s portfolio, making the stock its 21st largest position. Oak Grove Capital LLC’s holdings in Kinder Morgan were worth $6,612,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KMI. Sierra Ocean LLC boosted its stake in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares in the last quarter. JNBA Financial Advisors boosted its stake in Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC boosted its stake in Kinder Morgan by 116.1% in the 2nd 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 in the last quarter. Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan in the 2nd quarter worth approximately $34,000. Finally, Clearstead Trust LLC acquired a new stake in Kinder Morgan in the 1st quarter worth approximately $40,000. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of 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 shares of Kinder Morgan in a research note on Thursday, October 9th. Scotiabank lowered their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Wolfe Research upgraded shares of 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Kinder Morgan Stock Performance

KMI opened at $25.88 on Monday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $57.51 billion, a PE ratio of 21.21, a P/E/G ratio of 2.99 and a beta of 0.78. The firm has a 50 day moving average of $27.28 and a two-hundred day moving average of $27.45.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the firm posted $0.25 EPS. Kinder Morgan’s revenue for the quarter was up 12.1% compared to the same quarter last year. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s payout ratio is currently 95.90%.

Insider Activity

In related news, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. The trade was a 20.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the transaction, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is currently owned by company 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.