Savant Capital LLC Raises Position in Kinder Morgan, Inc. $KMI

Savant Capital LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 23.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 141,531 shares of the pipeline company’s stock after buying an additional 27,078 shares during the quarter. Savant Capital LLC’s holdings in Kinder Morgan were worth $4,161,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cranbrook Wealth Management LLC raised its stake in shares of 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 purchasing an additional 562 shares during the period. Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan in the second quarter valued at $34,000. Clearstead Trust LLC acquired a new stake in Kinder Morgan during the 1st quarter valued at $40,000. N.E.W. Advisory Services LLC purchased a new stake in Kinder Morgan during the 1st quarter worth $46,000. Finally, Manchester Capital Management LLC lifted its holdings in Kinder Morgan by 170.5% in the 1st quarter. Manchester Capital Management LLC now owns 1,699 shares of the pipeline company’s stock worth $48,000 after buying an additional 1,071 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan 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 completion of the transaction, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy W. Chronis bought 3,800 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the acquisition, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. The trade was a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 over the last quarter. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $26.55 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The company has a fifty day moving average price of $27.16 and a two-hundred day moving average price of $27.42. The company has a market cap of $59.07 billion, a PE ratio of 21.76, a P/E/G ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts expect 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 will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan’s dividend payout ratio is 95.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KMI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research note on Thursday, October 9th. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.13.

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.