Advisors Asset Management Inc. Boosts Holdings in Kinder Morgan, Inc. $KMI

Advisors Asset Management Inc. increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 15.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 285,183 shares of the pipeline company’s stock after purchasing an additional 37,527 shares during the period. Advisors Asset Management Inc.’s holdings in Kinder Morgan were worth $8,384,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan during the second quarter valued at about $26,000. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 562 shares during the last quarter. Wolff Wiese Magana LLC purchased a new position in Kinder Morgan in the 2nd quarter worth approximately $34,000. Clearstead Trust LLC bought a new stake in Kinder Morgan in the first quarter valued at approximately $40,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Kinder Morgan during the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis bought 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the sale, the vice president directly owned 213,536 shares in the company, valued at approximately $5,765,472. This represents a 2.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $26.48 on Wednesday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The stock’s 50 day simple moving average is $27.15 and its two-hundred day simple moving average is $27.42. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. The stock has a market cap of $58.90 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The company 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 firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan’s payout ratio is presently 95.90%.

Wall Street Analyst Weigh In

KMI has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday, October 9th. Stifel Nicolaus raised their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Scotiabank reduced their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Finally, Royal Bank Of Canada lifted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Kinder Morgan Company 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.