20,225 Shares in Kinder Morgan, Inc. $KMI Purchased by Abbington Investment Group

Abbington Investment Group purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,225 shares of the pipeline company’s stock, valued at approximately $573,000.

A number of other large investors have also added to or reduced their stakes in KMI. Vanguard Group Inc. boosted its position in shares of Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after acquiring an additional 3,070,609 shares during the last quarter. Geode Capital Management LLC lifted its position in Kinder Morgan by 1.2% during the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after purchasing an additional 599,152 shares during the last quarter. Norges Bank bought a new position in Kinder Morgan during the second quarter valued at $1,162,802,000. Orbis Allan Gray Ltd grew its stake in shares of Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after buying an additional 670,856 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Kinder Morgan by 2.8% in the 2nd quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock valued at $645,310,000 after acquiring an additional 603,197 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the transaction, the vice president directly owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $26.23 per share, with a total value of $99,674.00. Following the purchase, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. Insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $27.26 on Friday. The business has a fifty day moving average of $26.95 and a 200 day moving average of $27.27. The stock has a market cap of $60.65 billion, a P/E ratio of 22.35, a PEG ratio of 2.23 and a beta of 0.69. 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 52-week low of $23.94 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The business 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

Wall Street Analyst Weigh In

KMI has been the topic of several analyst reports. BMO Capital Markets started coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. UBS Group reiterated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Stifel Nicolaus increased their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada lifted their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Finally, Scotiabank cut their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

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.