Carnegie Investment Counsel Buys 67,274 Shares of Kinder Morgan, Inc. $KMI

Carnegie Investment Counsel increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 755,295 shares of the pipeline company’s stock after purchasing an additional 67,274 shares during the period. Carnegie Investment Counsel’s holdings in Kinder Morgan were worth $21,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of KMI. LFA Lugano Financial Advisors SA bought a new stake in shares of Kinder Morgan in the second quarter worth $26,000. Cranbrook Wealth Management LLC increased its stake in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares during the last quarter. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan in the second quarter valued at approximately $34,000. CoreFirst Bank & Trust bought a new stake in Kinder Morgan in the 2nd quarter valued at $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth about $40,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley set a $29.00 price target on shares of Kinder Morgan in a report on Tuesday. Mizuho dropped their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. UBS Group reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a report on Friday, December 12th. Jefferies Financial Group dropped their target price on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Insider Buying and Selling

In other news, Director Amy W. Chronis acquired 3,800 shares of the 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 completion of the purchase, the director directly owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This represents a 10.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.81, for a total transaction of $171,476.46. Following the sale, the vice president owned 207,370 shares in the company, valued at approximately $5,766,959.70. This represents a 2.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 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 currently owned by corporate insiders.

Kinder Morgan Stock Up 0.0%

Shares of KMI opened at $27.20 on Friday. The firm has a 50 day simple moving average of $26.80 and a two-hundred day simple moving average of $27.28. 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, Inc. has a one year low of $23.94 and a one year high of $31.48. The company has a market cap of $60.52 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.38 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the company posted $0.25 EPS. The company’s revenue for the quarter 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. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared 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 was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio is 95.90%.

Kinder Morgan Company Profile

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.