Davis Capital Management Makes New Investment in Kinder Morgan, Inc. $KMI

Davis Capital Management purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50,380 shares of the pipeline company’s stock, valued at approximately $1,426,000. Kinder Morgan makes up about 1.0% of Davis Capital Management’s investment portfolio, making the stock its 28th largest holding.

A number of other hedge funds have also modified their holdings of the business. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the second quarter worth $26,000. Cranbrook Wealth Management LLC boosted its stake in shares of Kinder Morgan by 116.1% during 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 purchased a new stake in Kinder Morgan during the 2nd quarter worth about $34,000. CoreFirst Bank & Trust acquired a new position in Kinder Morgan in the 2nd quarter valued at about $35,000. Finally, Private Wealth Management Group LLC boosted its stake in shares of Kinder Morgan by 94.9% during the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMI. Morgan Stanley set a $29.00 target price on shares of Kinder Morgan in a research report on Tuesday, December 23rd. Scotiabank lowered their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Stifel Nicolaus raised their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Jefferies Financial Group cut their price objective on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, December 23rd. Finally, Royal Bank Of Canada upped their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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 Price Performance

Kinder Morgan stock opened at $27.70 on Friday. The firm has a fifty day moving average of $26.86 and a 200-day moving average of $27.28. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $61.63 billion, a P/E ratio of 22.71, a PEG ratio of 2.28 and a beta of 0.69.

Kinder Morgan (NYSE:KMI) last announced 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 firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s quarterly 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. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed 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 of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) 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.