Clarity Financial LLC Has $8.59 Million Holdings in Kinder Morgan, Inc. $KMI

Clarity Financial LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3,011.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,181 shares of the pipeline company’s stock after acquiring an additional 282,791 shares during the period. Clarity Financial LLC’s holdings in Kinder Morgan were worth $8,590,000 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. Brighton Jones LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at about $308,000. GAMMA Investing LLC increased its stake in Kinder Morgan by 3,019.2% in the 1st quarter. GAMMA Investing LLC now owns 1,003,857 shares of the pipeline company’s stock valued at $28,640,000 after buying an additional 971,674 shares during the last quarter. NBC Securities Inc. increased its stake in Kinder Morgan by 104,636.4% in the 1st quarter. NBC Securities Inc. now owns 23,042 shares of the pipeline company’s stock valued at $657,000 after buying an additional 23,020 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in Kinder Morgan by 207.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 4,730 shares of the pipeline company’s stock valued at $135,000 after buying an additional 3,190 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in Kinder Morgan by 10.5% in the 1st quarter. Merit Financial Group LLC now owns 71,814 shares of the pipeline company’s stock valued at $2,049,000 after buying an additional 6,830 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.1%

Kinder Morgan stock opened at $28.28 on Thursday. Kinder Morgan, Inc. has a 1-year low of $22.60 and a 1-year high of $31.48. The firm has a market capitalization of $62.85 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 3.32 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a 50 day simple moving average of $27.23 and a 200 day simple moving average of $27.46.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business earned $0.26 EPS. Kinder Morgan’s revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s payout ratio is currently 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy W. Chronis purchased 2,759 shares of the business’s stock in a transaction on Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 in the last three months. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several analyst reports. Barclays reiterated an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 target price for the company. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Stifel Nicolaus increased their target price 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. Finally, Morgan Stanley increased their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Kinder Morgan 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.