Courier Capital LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 97.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 176,538 shares of the pipeline company’s stock after purchasing an additional 86,916 shares during the quarter. Courier Capital LLC’s holdings in Kinder Morgan were worth $5,323,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Klingman & Associates LLC boosted its position in Kinder Morgan by 3.9% during the 1st quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock valued at $285,000 after purchasing an additional 319 shares during the period. TD Capital Management LLC increased its position in Kinder Morgan by 36.0% in the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after buying an additional 323 shares during the period. Transamerica Financial Advisors LLC increased its position in Kinder Morgan by 72.9% in the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after buying an additional 328 shares during the period. Abel Hall LLC increased its position in Kinder Morgan by 4.0% in the first quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock worth $288,000 after buying an additional 330 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Kinder Morgan by 5.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,540 shares of the pipeline company’s stock valued at $209,000 after buying an additional 356 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Kinder Morgan in a report on Wednesday, September 9th. They set a “hold” rating and a $35.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. UBS Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Capital One Financial began coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.47.
Kinder Morgan Stock Performance
KMI stock traded up $0.36 on Tuesday, reaching $33.44. The company’s stock had a trading volume of 10,771,812 shares, compared to its average volume of 12,135,304. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The company has a market capitalization of $74.47 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 2.29 and a beta of 0.59. The firm has a fifty day moving average of $31.51 and a two-hundred day moving average of $32.03.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.
Kinder Morgan Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.
Insider Activity at Kinder Morgan
In related news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total transaction of $47,740.00. Following the sale, the vice president directly owned 48,863 shares in the company, valued at $1,504,980.40. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.
Kinder Morgan Profile
Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.
The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.
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