Cwm LLC Has $17.17 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Cwm LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 57.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 606,610 shares of the pipeline company’s stock after acquiring an additional 222,123 shares during the quarter. Cwm LLC’s holdings in Kinder Morgan were worth $17,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new position in shares of Kinder Morgan during the 2nd quarter worth $26,000. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in Kinder Morgan during the second quarter worth about $34,000. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan in the second quarter worth about $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $40,000. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Richard D. Kinder bought 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 price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. The SEC filing for this sale provides additional information. In 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. Company insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts 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. Morgan Stanley set a $29.00 price target on shares of Kinder Morgan in a report on Tuesday. Royal Bank Of Canada raised 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. BMO Capital Markets began coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company. Finally, Mizuho dropped their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.20 on Friday. The company has a market capitalization of $60.52 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.38 and a beta of 0.67. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The stock has a fifty day simple moving average of $26.80 and a 200 day simple moving average of $27.28.

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 analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion for 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 business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company 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. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is currently 95.90%.

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.