Gradient Investments LLC Acquires Shares of 477,013 Kinder Morgan, Inc. $KMI

Gradient Investments LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 477,013 shares of the pipeline company’s stock, valued at approximately $13,504,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Heartwood Wealth Advisors LLC bought a new position in Kinder Morgan in the 3rd quarter valued at $161,000. Nilsine Partners LLC raised its holdings in shares of Kinder Morgan by 3.8% in the third quarter. Nilsine Partners LLC now owns 17,223 shares of the pipeline company’s stock valued at $488,000 after buying an additional 630 shares during the last quarter. Jackson Wealth Management LLC lifted its position in Kinder Morgan by 1.7% during the 3rd quarter. Jackson Wealth Management LLC now owns 117,166 shares of the pipeline company’s stock worth $3,317,000 after buying an additional 1,978 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in Kinder Morgan by 62.7% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 14,418 shares of the pipeline company’s stock worth $408,000 after acquiring an additional 5,554 shares during the last quarter. Finally, First Citizens Financial Corp acquired a new stake in Kinder Morgan in the 3rd quarter valued at about $233,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $26.23 per share, with a total value of $99,674.00. Following the acquisition, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the purchase, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $511,655. Insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 1.3%

NYSE KMI opened at $26.66 on Thursday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The stock has a 50-day simple moving average of $26.86 and a 200 day simple moving average of $27.34. 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 company has a market capitalization of $59.31 billion, a PE ratio of 21.85, a P/E/G ratio of 2.32 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $4.15 billion during 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 company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KMI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Scotiabank lowered their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Mizuho cut their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Finally, Royal Bank Of Canada raised their price target on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

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.