Clarity Financial LLC Buys 362,889 Shares of Kinder Morgan, Inc. $KMI

Clarity Financial LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 124.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 655,070 shares of the pipeline company’s stock after acquiring an additional 362,889 shares during the quarter. Kinder Morgan comprises approximately 1.8% of Clarity Financial LLC’s portfolio, making the stock its 20th biggest position. Clarity Financial LLC’s holdings in Kinder Morgan were worth $18,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KMI. Focused Wealth Management Inc increased its stake in Kinder Morgan by 3.4% during the 3rd quarter. Focused Wealth Management Inc now owns 64,016 shares of the pipeline company’s stock valued at $1,812,000 after purchasing an additional 2,078 shares in the last quarter. Perpetual Ltd bought a new stake in shares of Kinder Morgan during the third quarter valued at approximately $421,000. Focus Financial Network Inc. raised its holdings in Kinder Morgan by 5.9% in the 3rd quarter. Focus Financial Network Inc. now owns 15,445 shares of the pipeline company’s stock worth $437,000 after acquiring an additional 855 shares during the last quarter. KMG Fiduciary Partners LLC lifted its position in Kinder Morgan by 20.8% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 131,711 shares of the pipeline company’s stock valued at $3,729,000 after acquiring an additional 22,693 shares in the last quarter. Finally, Fiduciary Financial Group LLC boosted its stake in Kinder Morgan by 2.6% during the 3rd quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock valued at $437,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis acquired 3,800 shares of the stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the transaction, the director directly owned 39,051 shares in the company, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. This trade represents a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $511,655. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $26.51 on Friday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The firm has a market capitalization of $58.98 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth 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 of $26.82 and a 200 day moving average of $27.31.

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

Kinder Morgan Dividend Announcement

The business also recently declared 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 was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Scotiabank lowered 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. BMO Capital Markets started coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Finally, Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.33.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.