Geneos Wealth Management Inc. Buys 150,707 Shares of Kinder Morgan, Inc. $KMI

Geneos Wealth Management Inc. lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 81.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 335,281 shares of the pipeline company’s stock after purchasing an additional 150,707 shares during the period. Geneos Wealth Management Inc.’s holdings in Kinder Morgan were worth $9,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. raised its holdings in Kinder Morgan by 9.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 7,058,772 shares of the pipeline company’s stock worth $207,528,000 after acquiring an additional 616,679 shares during the period. SPG Advisors LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at about $201,000. Ashford Capital Management Inc. grew its position in shares of Kinder Morgan by 19.6% in the second quarter. Ashford Capital Management Inc. now owns 66,086 shares of the pipeline company’s stock valued at $1,943,000 after purchasing an additional 10,818 shares during the last quarter. Castleark Management LLC increased its stake in shares of Kinder Morgan by 17.1% in the second quarter. Castleark Management LLC now owns 125,010 shares of the pipeline company’s stock worth $3,675,000 after purchasing an additional 18,270 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Kinder Morgan during the 2nd quarter worth about $149,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the acquisition, the chairman directly owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis purchased 3,800 shares of Kinder Morgan stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the transaction, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $511,655. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $26.72 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. The firm has a 50-day moving average price of $26.95 and a 200 day moving average price of $27.37. The firm has a market capitalization of $59.45 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The company 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 company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. 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 earnings per share for the current fiscal 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 paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analysts Set New Price Targets

A number of analysts have issued reports on KMI shares. Mizuho lowered 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. Royal Bank Of Canada raised 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. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research note on Thursday, October 9th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.