B. Riley Wealth Advisors Inc. Invests $906,000 in Kinder Morgan, Inc. $KMI

B. Riley Wealth Advisors Inc. bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, Holdings Channel reports. The fund bought 30,806 shares of the pipeline company’s stock, valued at approximately $906,000.

Several other large investors have also recently modified their holdings of the business. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan in the second quarter valued at $26,000. Cranbrook Wealth Management LLC grew its position in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after buying an additional 562 shares during the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $34,000. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan during the second quarter worth about $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the second quarter worth approximately $40,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $27.81, for a total value of $171,476.46. Following the sale, the vice president directly owned 207,370 shares of the company’s stock, valued at approximately $5,766,959.70. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction 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 completion of the acquisition, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $511,655. Insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho dropped their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. UBS Group reissued a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Jefferies Financial Group initiated coverage on Kinder Morgan in a research report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. Finally, Morgan Stanley set a $30.00 target price on Kinder Morgan in a research report on Thursday, October 9th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Kinder Morgan Trading Up 0.1%

Shares of Kinder Morgan stock opened at $26.76 on Tuesday. The company has a market capitalization of $59.52 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The stock has a fifty day simple moving average of $26.92 and a 200 day simple moving average of $27.35. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the business posted $0.25 earnings per share. Kinder Morgan’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. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Kinder Morgan 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.