FORA Capital LLC Has $3.62 Million Stake in Kinder Morgan, Inc. $KMI

FORA Capital LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 48.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,277 shares of the pipeline company’s stock after selling 115,565 shares during the period. FORA Capital LLC’s holdings in Kinder Morgan were worth $3,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Evergreen Capital Management LLC grew its stake in shares of Kinder Morgan by 6.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 72,818 shares of the pipeline company’s stock worth $2,141,000 after acquiring an additional 4,681 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Kinder Morgan in the 2nd quarter valued at $168,000. CANADA LIFE ASSURANCE Co lifted its position in Kinder Morgan by 4.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,554,488 shares of the pipeline company’s stock worth $75,211,000 after buying an additional 111,406 shares in the last quarter. Fairfield Bush & CO. boosted its stake in shares of Kinder Morgan by 17.3% during the 2nd quarter. Fairfield Bush & CO. now owns 10,261 shares of the pipeline company’s stock worth $302,000 after buying an additional 1,511 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Kinder Morgan by 24.5% in the 2nd quarter. Corient Private Wealth LLC now owns 761,234 shares of the pipeline company’s stock valued at $22,379,000 after acquiring an additional 149,568 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KMI. Jefferies Financial Group began coverage on Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. UBS Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday. Scotiabank decreased their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Finally, Royal Bank Of Canada raised 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 note on Thursday, November 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.81, for a total value of $171,476.46. Following the completion of the sale, the vice president directly owned 207,370 shares in the company, valued at approximately $5,766,959.70. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 27th. The shares were bought at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the transaction, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $511,655. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

NYSE:KMI opened at $26.72 on Friday. The company has a market cap of $59.45 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.35 and a beta of 0.67. The firm’s fifty day moving average price is $26.95 and its two-hundred day moving average price is $27.37. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49.

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

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio (DPR) 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.