Global Wealth Management Investment Advisory Inc. Buys 3,107 Shares of Kinder Morgan, Inc. $KMI

Global Wealth Management Investment Advisory Inc. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 49,643 shares of the pipeline company’s stock after acquiring an additional 3,107 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Kinder Morgan were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Kinder Morgan during the fourth quarter worth about $308,000. Cerity Partners LLC lifted its stake in shares of Kinder Morgan by 1.7% during the 1st quarter. Cerity Partners LLC now owns 777,309 shares of the pipeline company’s stock valued at $22,177,000 after buying an additional 12,797 shares in the last quarter. Applied Capital LLC FL bought a new position in Kinder Morgan in the 1st quarter worth approximately $364,000. Arizona State Retirement System grew its stake in Kinder Morgan by 5.2% in the 1st quarter. Arizona State Retirement System now owns 603,008 shares of the pipeline company’s stock valued at $17,204,000 after buying an additional 29,753 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in Kinder Morgan by 22.3% during the 1st quarter. Stephens Inc. AR now owns 224,907 shares of the pipeline company’s stock valued at $6,417,000 after acquiring an additional 40,944 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis acquired 3,800 shares of Kinder Morgan stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the transaction, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 42,459 shares valued at $1,155,114. 12.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KMI shares. BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target for the company. Scotiabank cut their target price on 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. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Kinder Morgan Trading Up 1.7%

Shares of Kinder Morgan stock opened at $26.55 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The firm has a market cap of $59.07 billion, a PE ratio of 21.76, a PEG ratio of 3.01 and a beta of 0.77. The company has a 50 day simple moving average of $27.16 and a two-hundred day simple moving average of $27.42.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share 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 firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts expect 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 will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan’s payout ratio is 95.90%.

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.