Convergence Investment Partners LLC Purchases Shares of 44,811 Kinder Morgan, Inc. $KMI

Convergence Investment Partners LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 44,811 shares of the pipeline company’s stock, valued at approximately $1,317,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares during the last quarter. JNBA Financial Advisors grew its position in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in Kinder Morgan during the second quarter valued at approximately $34,000. Finally, Clearstead Trust LLC bought a new position in Kinder Morgan during the first quarter valued at approximately $40,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $25.88 on Monday. The stock has a fifty day moving average of $27.28 and a 200 day moving average of $27.45. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The firm has a market capitalization of $57.51 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.99 and a beta of 0.78. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $3.98 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s 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, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.5%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Wall Street Analyst Weigh In

A number of brokerages have commented on KMI. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday, October 9th. Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price on the stock. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Friday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Stifel Nicolaus raised their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, August 14th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.13.

Insiders Place Their Bets

In related news, CFO David Patrick Michels sold 40,000 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares of the company’s stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,174 shares of company stock worth $3,727,678. 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.