Benjamin Edwards Inc. Increases Holdings in Kinder Morgan, Inc. $KMI

Benjamin Edwards Inc. raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 16.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 408,421 shares of the pipeline company’s stock after purchasing an additional 57,070 shares during the quarter. Benjamin Edwards Inc.’s holdings in Kinder Morgan were worth $11,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA acquired a new position in Kinder Morgan during the 2nd quarter worth approximately $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 in the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of Kinder Morgan during the second quarter valued at approximately $34,000. CoreFirst Bank & Trust acquired a new position in shares of Kinder Morgan during the second quarter worth $35,000. Finally, Private Wealth Management Group LLC boosted its stake in shares of Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KMI shares. Mizuho dropped their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. UBS Group reissued a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Royal Bank Of Canada raised their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Jefferies Financial Group decreased their target price on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, December 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.20.

Kinder Morgan Price Performance

NYSE KMI opened at $27.26 on Friday. The stock has a 50-day simple moving average of $26.95 and a 200 day simple moving average of $27.27. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The stock has a market capitalization of $60.65 billion, a PE ratio of 22.35, a P/E/G ratio of 2.23 and a beta of 0.69. 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 (NYSE:KMI) last released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s dividend payout ratio is 95.90%.

Insiders Place Their Bets

In other news, Chairman Richard D. Kinder bought 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the transaction, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. Company insiders own 12.73% of the company’s stock.

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.