Amy Chronis Purchases 3,800 Shares of Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) Director Amy Chronis acquired 3,800 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the acquisition, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.11 during midday trading on Monday, hitting $26.08. 15,598,765 shares of the company were exchanged, compared to its average volume of 14,338,909. The firm has a market capitalization of $58.02 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 3.01 and a beta of 0.78. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The business has a fifty day simple moving average of $27.23 and a two-hundred day simple moving average of $27.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63.

Kinder Morgan (NYSE:KMI) last issued 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. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.Kinder Morgan’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. grew its stake in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after buying an additional 794,388 shares in the last quarter. Burney Co. grew its stake in shares of Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after buying an additional 252,736 shares in the last quarter. Aberdeen Group plc grew its stake in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after buying an additional 609,748 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Kinder Morgan by 9.9% in the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after buying an additional 13,150 shares in the last quarter. Finally, Eagle Global Advisors LLC grew its stake in shares of Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after buying an additional 137,030 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank lowered their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Jefferies Financial Group started coverage on Kinder Morgan in a research report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price on the stock. Finally, Morgan Stanley set a $30.00 target price on Kinder Morgan in a research report on Thursday, October 9th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.13.

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.