Mesirow Financial Investment Management Inc. Cuts Stock Holdings in Kinder Morgan, Inc. $KMI

Mesirow Financial Investment Management Inc. decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 332,185 shares of the pipeline company’s stock after selling 4,361 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Kinder Morgan were worth $9,766,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC increased its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares during the period. Cranbrook Wealth Management LLC increased its position in Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares during the period. Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $34,000. Clearstead Trust LLC purchased a new position in shares of Kinder Morgan in the 1st quarter worth approximately $40,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Kinder Morgan in the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.6%

NYSE:KMI opened at $26.06 on Friday. The company has a market cap of $57.98 billion, a PE ratio of 21.36, a P/E/G ratio of 3.01 and a beta of 0.78. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve 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 company’s 50 day moving average is $27.24 and its two-hundred day moving average is $27.44.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue 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. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Chairman Richard D. Kinder acquired 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the purchase, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred 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 sale, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 88,625 shares of company stock valued at $2,454,128. 12.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KMI shares. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Friday, July 25th. BMO Capital Markets started coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research report on Thursday, October 9th. TD Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

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.