Community Financial Services Group LLC Invests $1.68 Million in Kinder Morgan, Inc. $KMI

Community Financial Services Group LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,434 shares of the pipeline company’s stock, valued at approximately $1,683,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $308,000. Trexquant Investment LP acquired a new position in Kinder Morgan during the first quarter worth $814,000. Adage Capital Partners GP L.L.C. purchased a new position in Kinder Morgan in the first quarter worth $407,000. AQR Capital Management LLC lifted its holdings in Kinder Morgan by 37.9% in the first quarter. AQR Capital Management LLC now owns 2,034,831 shares of the pipeline company’s stock valued at $57,789,000 after acquiring an additional 559,254 shares during the period. Finally, Banque Transatlantique SA boosted its position in shares of Kinder Morgan by 40,130.0% during the 1st quarter. Banque Transatlantique SA now owns 4,023 shares of the pipeline company’s stock worth $106,000 after purchasing an additional 4,013 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KMI shares. UBS Group restated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Morgan Stanley set a $29.00 price target on shares of Kinder Morgan in a research report on Tuesday, December 23rd. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target on the stock. Jefferies Financial Group dropped their price objective on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, December 23rd. Finally, Mizuho reduced their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. 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, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis bought 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their position. The disclosure for this purchase is available in the SEC filing. 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. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 0.8%

NYSE:KMI opened at $27.70 on Friday. The business’s 50-day moving average is $26.86 and its two-hundred day moving average is $27.28. The firm has a market capitalization of $61.63 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.69. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. 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 (NYSE:KMI) last issued its 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. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate 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 was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Kinder Morgan 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.