King Luther Capital Management Corp Has $76.85 Million Holdings in Kinder Morgan, Inc. $KMI

King Luther Capital Management Corp decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,613,970 shares of the pipeline company’s stock after selling 21,832 shares during the quarter. King Luther Capital Management Corp owned about 0.12% of Kinder Morgan worth $76,851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Brighton Jones LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth $308,000. Cerity Partners LLC lifted its stake in Kinder Morgan by 1.7% in the first quarter. Cerity Partners LLC now owns 777,309 shares of the pipeline company’s stock valued at $22,177,000 after buying an additional 12,797 shares during the period. Applied Capital LLC FL bought a new position in Kinder Morgan during the first quarter worth about $364,000. Arizona State Retirement System boosted its holdings in Kinder Morgan by 5.2% during the first quarter. Arizona State Retirement System now owns 603,008 shares of the pipeline company’s stock worth $17,204,000 after buying an additional 29,753 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of Kinder Morgan by 22.3% during the 1st quarter. Stephens Inc. AR now owns 224,907 shares of the pipeline company’s stock worth $6,417,000 after buying an additional 40,944 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 1.7%

KMI stock opened at $26.55 on Friday. The company has a market cap of $59.07 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The business has a 50 day moving average price of $27.16 and a two-hundred day moving average price of $27.42. 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 released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal 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 is Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio is 95.90%.

Insider Buying and Selling at Kinder Morgan

In related news, Chairman Richard D. Kinder acquired 1,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the acquisition, the chairman directly owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy W. Chronis bought 3,800 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were bought at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the transaction, the director owned 39,051 shares in the company, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 1,004,287 shares of company stock valued at $26,072,463 and have sold 42,459 shares valued at $1,155,114. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KMI. BMO Capital Markets began coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Friday, July 25th. Morgan Stanley set a $30.00 target price on Kinder Morgan in a report on Thursday, October 9th. Finally, Jefferies Financial Group assumed coverage on Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target for the company. Ten 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.13.

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.