Columbus Macro LLC Increases Stock Holdings in Kinder Morgan, Inc. $KMI

Columbus Macro LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,375 shares of the pipeline company’s stock after buying an additional 49,445 shares during the quarter. Kinder Morgan comprises about 1.4% of Columbus Macro LLC’s holdings, making the stock its 11th biggest holding. Columbus Macro LLC’s holdings in Kinder Morgan were worth $12,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of KMI. Creative Financial Designs Inc. ADV lifted its position in Kinder Morgan by 14.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock valued at $83,000 after acquiring an additional 357 shares during the last quarter. L.M. Kohn & Company increased its position in shares of Kinder Morgan by 3.4% during the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 360 shares in the last quarter. Alhambra Investment Management LLC lifted its holdings in shares of Kinder Morgan by 2.3% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock valued at $468,000 after purchasing an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its position in shares of Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 374 shares during the period. Finally, QTR Family Wealth LLC grew its stake in Kinder Morgan by 2.7% during the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock worth $423,000 after buying an additional 377 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.20 on Friday. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company’s fifty day moving average is $26.80 and its two-hundred day moving average is $27.28.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s payout ratio is presently 95.90%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Chairman Richard D. Kinder acquired 1,000,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was purchased at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy W. Chronis bought 3,800 shares of Kinder Morgan stock in a transaction on Friday, October 31st. The stock was acquired 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 SEC filing for this purchase provides additional information. In the last three months, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $511,655. Company insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of several research analyst reports. Royal Bank Of Canada increased their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. UBS Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Finally, Jefferies Financial Group lowered their price target on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, December 23rd. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

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.