Kinder Morgan, Inc. $KMI Shares Acquired by Thompson Investment Management Inc.

Thompson Investment Management Inc. increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 39.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,135 shares of the pipeline company’s stock after purchasing an additional 1,170 shares during the period. Thompson Investment Management Inc.’s holdings in Kinder Morgan were worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Alhambra Investment Management LLC grew its stake in Kinder Morgan by 2.3% in the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after purchasing an additional 363 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in Kinder Morgan by 4.2% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after acquiring an additional 374 shares during the period. Morton Capital Management LLC CA boosted its stake in Kinder Morgan by 1.0% in the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock valued at $1,084,000 after acquiring an additional 377 shares during the period. QTR Family Wealth LLC boosted its stake in Kinder Morgan by 2.7% in the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after acquiring an additional 377 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its stake in Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock valued at $1,396,000 after acquiring an additional 378 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

KMI opened at $27.12 on Friday. Kinder Morgan, Inc. has a twelve month low of $23.86 and a twelve month high of $31.48. The stock has a market cap of $60.25 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78. The business’s 50 day moving average is $27.26 and its 200-day moving average is $27.45. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the company earned $0.26 earnings per share. The firm’s quarterly 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s payout ratio is presently 95.90%.

Analysts Set New Price Targets

KMI has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, July 25th. TD Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 target price for the company. BMO Capital Markets assumed coverage on Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Barclays reaffirmed an “overweight” rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $30.88.

Insider Activity

In related news, VP Sital K. Mody sold 45,549 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the sale, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 over the last 90 days. Corporate 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.