Parallel Advisors LLC Buys 1,421 Shares of Kinder Morgan, Inc. $KMI

Parallel Advisors LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,449 shares of the pipeline company’s stock after buying an additional 1,421 shares during the quarter. Parallel Advisors LLC’s holdings in Kinder Morgan were worth $836,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Oklahoma boosted its holdings in shares of Kinder Morgan by 2.3% in the 2nd quarter. Trust Co. of Oklahoma now owns 35,872 shares of the pipeline company’s stock valued at $1,055,000 after purchasing an additional 803 shares in the last quarter. Wesbanco Bank Inc. grew its position in Kinder Morgan by 26.1% in the second quarter. Wesbanco Bank Inc. now owns 159,309 shares of the pipeline company’s stock valued at $4,684,000 after acquiring an additional 32,940 shares during the last quarter. Kings Path Partners LLC acquired a new position in Kinder Morgan during the second quarter worth about $53,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Kinder Morgan by 20.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 37,291 shares of the pipeline company’s stock worth $1,096,000 after acquiring an additional 6,240 shares during the last quarter. Finally, RDA Financial Network grew its holdings in shares of Kinder Morgan by 2.9% during the 2nd quarter. RDA Financial Network now owns 84,965 shares of the pipeline company’s stock valued at $2,498,000 after purchasing an additional 2,415 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KMI shares. Barclays reiterated an “overweight” rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research note on Monday, July 7th. Scotiabank upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 18th. 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 report on Friday, July 25th. Finally, TD Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $31.20.

Insider Buying and Selling

In other news, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares of the company’s stock, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock valued at $3,553,982 over the last quarter. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 0.4%

Shares of NYSE:KMI opened at $27.68 on Friday. The company has a market capitalization of $61.51 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 3.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The business’s 50-day moving average is $27.18 and its 200-day moving average is $27.37. Kinder Morgan, Inc. has a 1 year low of $21.45 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company posted $0.26 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s payout ratio is currently 95.90%.

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.