Arrow Capital Pty Ltd Acquires New Position in Kinder Morgan, Inc. $KMI

Arrow Capital Pty Ltd bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to its most recent filing with the SEC. The firm bought 197,830 shares of the pipeline company’s stock, valued at approximately $5,816,000. Kinder Morgan makes up 4.3% of Arrow Capital Pty Ltd’s investment portfolio, making the stock its 7th largest position.

Other hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its position in Kinder Morgan by 14.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after acquiring an additional 357 shares during the period. L.M. Kohn & Company raised its stake in shares of Kinder Morgan by 3.4% in the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 360 shares during the last quarter. Alhambra Investment Management LLC lifted its holdings in shares of Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after purchasing an additional 363 shares during the period. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Kinder Morgan by 4.2% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock worth $276,000 after purchasing an additional 374 shares during the period. Finally, QTR Family Wealth LLC boosted its position in Kinder Morgan by 2.7% in the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after buying an additional 377 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.1%

Shares of NYSE KMI opened at $27.33 on Wednesday. The stock has a market cap of $60.79 billion, a PE ratio of 22.40, a P/E/G ratio of 2.40 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a 50-day moving average of $27.04 and a 200 day moving average of $27.39.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s payout ratio is presently 95.90%.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction 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 sale, the vice president directly owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis purchased 3,800 shares of the business’s stock in a transaction on Friday, October 31st. The shares were acquired at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. 12.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a report on Thursday, October 9th. Jefferies Financial Group began coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective for the company. Finally, Scotiabank decreased their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.33.

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.