Police & Firemen s Retirement System of New Jersey Boosts Holdings in Kinder Morgan, Inc. $KMI

Police & Firemen s Retirement System of New Jersey grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,222 shares of the pipeline company’s stock after purchasing an additional 14,524 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Kinder Morgan were worth $8,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMI. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the second quarter worth about $26,000. Cranbrook Wealth Management LLC increased its holdings in shares of 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 buying an additional 562 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Kinder Morgan in the 2nd quarter worth $34,000. Clearstead Trust LLC purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at $40,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Kinder Morgan during the 1st quarter worth $46,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.4%

Shares of NYSE:KMI opened at $26.89 on Friday. The stock has a market capitalization of $59.82 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The stock’s 50-day moving average price is $27.18 and its 200-day moving average price is $27.42. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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 return on equity of 8.57% and a net margin of 16.61%.The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the business posted $0.25 EPS. Kinder Morgan’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. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share 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 paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 95.90%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KMI shares. Royal Bank Of Canada increased their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a report on Thursday, October 9th. BMO Capital Markets initiated coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Scotiabank dropped their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Finally, Jefferies Financial Group initiated coverage on Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.31.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on 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 of the company’s stock, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 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.

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.