Ferguson Wellman Capital Management Inc. Increases Position in Kinder Morgan, Inc. $KMI

Ferguson Wellman Capital Management Inc. lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 695,791 shares of the pipeline company’s stock after acquiring an additional 19,203 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Kinder Morgan were worth $19,698,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $26,000. Cranbrook Wealth Management LLC lifted its position in 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 acquired a new stake in Kinder Morgan in the second quarter valued at approximately $34,000. CoreFirst Bank & Trust purchased a new position in Kinder Morgan in the second quarter worth $35,000. Finally, Private Wealth Management Group LLC grew its holdings in 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 worth $35,000 after purchasing an additional 595 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley set a $29.00 price objective on Kinder Morgan in a research report on Tuesday, December 23rd. Royal Bank Of Canada raised their price target on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Mizuho dropped their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Scotiabank decreased their price objective on shares of 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. Finally, Jefferies Financial Group dropped their target price on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, December 23rd. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Insider Buying and Selling at Kinder Morgan

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

Kinder Morgan Trading Up 1.0%

Shares of NYSE:KMI opened at $27.26 on Friday. 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. The stock has a market cap of $60.65 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.23 and a beta of 0.69. The business has a 50-day moving average price of $26.95 and a 200-day moving average price of $27.27.

Kinder Morgan (NYSE:KMI) last issued its quarterly 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. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the company earned $0.25 EPS. Kinder Morgan’s quarterly 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. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given 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 yield of 4.3%. Kinder Morgan’s 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.