Houlihan Financial Resource Group Ltd. Has $664,000 Stake in Kinder Morgan, Inc. $KMI

Houlihan Financial Resource Group Ltd. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 56.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,465 shares of the pipeline company’s stock after selling 29,990 shares during the quarter. Houlihan Financial Resource Group Ltd.’s holdings in Kinder Morgan were worth $664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan in the second quarter valued at $26,000. Cranbrook Wealth Management LLC grew its stake 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 valued at $31,000 after buying an additional 562 shares during the period. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan in the 2nd quarter valued at about $34,000. CoreFirst Bank & Trust acquired a new position in Kinder Morgan during the 2nd quarter worth approximately $35,000. Finally, Private Wealth Management Group LLC boosted its holdings in Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after acquiring an additional 595 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was bought at an average cost of $25.96 per share, with a total value 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. This represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $507,462. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KMI shares. Jefferies Financial Group lowered their target price on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, December 23rd. UBS Group restated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Finally, BMO Capital Markets assumed coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.20.

Kinder Morgan Price Performance

KMI opened at $27.39 on Friday. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49. The company has a market capitalization of $60.94 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 2.27 and a beta of 0.69. The firm’s fifty day moving average price is $27.08 and its two-hundred day moving average price is $27.22.

Kinder Morgan (NYSE:KMI) last announced its earnings results 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter 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, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s payout ratio is currently 95.90%.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.