Friedenthal Financial Purchases New Stake in Kinder Morgan, Inc. $KMI

Friedenthal Financial acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,103 shares of the pipeline company’s stock, valued at approximately $965,000.

Other hedge funds have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in shares of Kinder Morgan during the second quarter worth about $26,000. Cranbrook Wealth Management LLC increased its holdings in Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of Kinder Morgan in the second quarter worth approximately $34,000. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan in the second quarter valued at approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $40,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. Scotiabank lowered their price target on 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. Stifel Nicolaus raised 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. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Mizuho decreased their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Finally, BMO Capital Markets assumed coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.20.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. This trade represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.28 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The firm’s 50-day simple moving average is $26.81 and its two-hundred day simple moving average is $27.29. The firm has a market cap of $60.68 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.36 and a beta of 0.67. 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 issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the business posted $0.25 EPS. Kinder Morgan’s quarterly revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

Kinder Morgan Company Profile

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.