Compass Wealth Management LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 15.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,974 shares of the pipeline company’s stock after acquiring an additional 18,640 shares during the quarter. Compass Wealth Management LLC’s holdings in Kinder Morgan were worth $4,190,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. OP Asset Management Ltd acquired a new stake in shares of Kinder Morgan during the first quarter worth approximately $6,412,000. USS Investment Management Ltd increased its stake in shares of Kinder Morgan by 10.3% in the first quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company’s stock worth $14,116,000 after buying an additional 39,418 shares during the last quarter. Oak Family Advisors LLC bought a new stake in shares of Kinder Morgan in the second quarter worth $3,627,000. International Assets Investment Management LLC acquired a new stake in Kinder Morgan in the first quarter valued at $3,406,000. Finally, iA Global Asset Management Inc. acquired a new stake in Kinder Morgan in the first quarter valued at $3,075,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.
Insiders Place Their Bets
In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president owned 47,313 shares in the company, valued at $1,592,082.45. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by insiders.
Trending Headlines about Kinder Morgan
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: Q3 earnings beat expectations: Kinder Morgan reported adjusted EPS of $0.35 versus the $0.33 consensus estimate, while revenue rose 9.3% year over year to $4.53 billion, above the $4.37 billion forecast. Strength in natural-gas volumes and record EBITDA supported the results. KMI Q3 Earnings Beat Estimates on Natural Gas Pipeline Strength
- Positive Sentiment: Record backlog improves the growth outlook: The company added $5.4 billion to its expansion backlog, bringing the total to a record $14.4 billion. Rising demand from data centers, power generation and LNG exports is driving new natural-gas infrastructure opportunities. Kinder Morgan also reached final investment decisions on two projects requiring approximately $4.7 billion of investment. Kinder Morgan to invest $4.7 billion in two gas pipeline projects as demand surges
- Positive Sentiment: Analyst sentiment improved: Freedom Broker upgraded KMI from “hold” to “buy” and raised its price target to $39 from $34. Mizuho also increased its target to $39 and maintained an “outperform” rating, while other analysts reportedly lifted targets into the $37-$40 range. Kinder Morgan Analysts Boost Their Forecasts Following Upbeat Q3 Earnings
- Positive Sentiment: Dividend supports income appeal: Kinder Morgan declared a quarterly dividend of $0.2975 per share, or $1.19 annualized, representing a yield of approximately 3.6% based on the supplied stock price.
- Neutral Sentiment: Mixed guidance signal: Although the company affirmed its full-year outlook, its expected 2026 adjusted EPS of $1.36 is below the FactSet estimate of $1.54, creating a valuation and execution concern despite the stronger backlog.
- Neutral Sentiment: Insider transaction: A vice president sold $52,157.50 of stock under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled sale is unlikely to materially change the investment case.
Kinder Morgan Price Performance
Shares of KMI opened at $33.68 on Friday. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The firm has a market cap of $74.99 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.39 and a beta of 0.59. The stock has a 50 day moving average of $31.85 and a 200-day moving average of $32.04.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.85% and a net margin of 19.64%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.56 EPS for the current year.
Kinder Morgan Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 2nd. Kinder Morgan’s payout ratio is currently 76.28%.
Analyst Upgrades and Downgrades
KMI has been the topic of a number of research analyst reports. Stifel Nicolaus started coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They set a “hold” rating and a $35.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup restated a “neutral” rating and issued a $34.00 target price (up from $33.00) on shares of Kinder Morgan in a research note on Wednesday, July 29th. Freedom Broker upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and upped their target price for the company from $34.00 to $39.00 in a research note on Thursday. Finally, Argus increased their price target on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $36.55.
Get Our Latest Stock Analysis on KMI
About Kinder Morgan
Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.
The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.
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