Corient Private Wealth LLC Purchases 149,552 Shares of Kinder Morgan, Inc. $KMI

Corient Private Wealth LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 24.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 761,218 shares of the pipeline company’s stock after buying an additional 149,552 shares during the quarter. Corient Private Wealth LLC’s holdings in Kinder Morgan were worth $22,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in Kinder Morgan in the second quarter valued at about $1,162,802,000. 59 North Capital Management LP bought a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $195,658,000. Merewether Investment Management LP bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $138,477,000. Marshall Wace LLP raised its holdings in shares of Kinder Morgan by 364.8% in the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock worth $122,461,000 after buying an additional 3,269,284 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after buying an additional 3,070,609 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Up 1.3%

KMI opened at $26.66 on Thursday. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The stock has a market capitalization of $59.31 billion, a PE ratio of 21.85, a PEG ratio of 2.32 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. The firm has a 50-day moving average price of $26.86 and a two-hundred day moving average price of $27.34.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Analyst Ratings Changes

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

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis acquired 3,800 shares of the company’s stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the acquisition, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This trade represents a 10.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $27.81, for a total transaction of $171,476.46. Following the transaction, the vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. 12.73% of the stock is currently owned by corporate insiders.

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.