Gradient Investments LLC Takes Position in Kinder Morgan, Inc. $KMI

Gradient Investments LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, HoldingsChannel reports. The firm acquired 477,013 shares of the pipeline company’s stock, valued at approximately $13,504,000.

A number of other institutional investors have also made changes to their positions in the business. Vise Technologies Inc. acquired a new stake in shares of Kinder Morgan in the second quarter valued at approximately $1,713,000. Nordea Investment Management AB raised its stake in Kinder Morgan by 9.9% in the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after acquiring an additional 13,150 shares during the period. Rhumbline Advisers lifted its holdings in Kinder Morgan by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 3,928,534 shares of the pipeline company’s stock valued at $115,499,000 after purchasing an additional 14,327 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its position in Kinder Morgan by 43.8% during the second quarter. Duff & Phelps Investment Management Co. now owns 2,476,564 shares of the pipeline company’s stock worth $72,811,000 after purchasing an additional 754,689 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Kinder Morgan by 34.9% in the second quarter. Avantax Advisory Services Inc. now owns 134,493 shares of the pipeline company’s stock valued at $3,954,000 after purchasing an additional 34,828 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KMI. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research report on Thursday, October 9th. Scotiabank decreased their target price on 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. Mizuho lowered their target price 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. Finally, UBS Group restated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Nine 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, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $27.81, for a total transaction of $171,476.46. Following the sale, the vice president owned 207,370 shares in the company, valued at approximately $5,766,959.70. This trade represents a 2.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis acquired 3,800 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost 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 $1,024,307.73. The trade was a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 1.3%

Shares of KMI opened at $26.66 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $59.31 billion, a PE ratio of 21.85, a P/E/G ratio of 2.32 and a beta of 0.67. The firm’s 50 day moving average is $26.86 and its 200-day moving average is $27.34. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed 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 of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

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.