PFG Advisors Makes New Investment in Kinder Morgan, Inc. $KMI

PFG Advisors purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,154 shares of the pipeline company’s stock, valued at approximately $269,000.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after buying an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after acquiring an additional 5,529,065 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after acquiring an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kinder Morgan by 19.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock worth $380,145,000 after acquiring an additional 2,144,307 shares during the last quarter. Finally, Amundi increased its holdings in shares of Kinder Morgan by 8.0% during the first quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock valued at $353,785,000 after acquiring an additional 943,023 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.3%

NYSE:KMI opened at $27.03 on Thursday. The firm has a market capitalization of $60.14 billion, a P/E ratio of 22.16, a PEG ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The company’s fifty day moving average price is $27.18 and its 200-day moving average price is $27.42. 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 (NYSE:KMI) last posted its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting 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 the consensus estimate of $3.98 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm’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. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s payout ratio is 95.90%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KMI. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Company lifted their price objective 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. 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 report on Friday, July 25th. Jefferies Financial Group began 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, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.19.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was bought at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the acquisition, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. The trade was a 10.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the sale, the vice president owned 213,536 shares in the company, valued at approximately $5,765,472. This represents a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. Company insiders own 12.73% of the company’s stock.

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.