Carnegie Investment Counsel Has $21.38 Million Holdings in Kinder Morgan, Inc. $KMI

Carnegie Investment Counsel increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 755,295 shares of the pipeline company’s stock after buying an additional 67,274 shares during the period. Carnegie Investment Counsel’s holdings in Kinder Morgan were worth $21,382,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Vise Technologies Inc. acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at $1,713,000. Nordea Investment Management AB increased its stake in Kinder Morgan by 9.9% in the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after purchasing an additional 13,150 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Kinder Morgan by 0.4% during the second 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 period. NFC Investments LLC boosted its position in shares of Kinder Morgan by 4.9% during the 2nd quarter. NFC Investments LLC now owns 226,644 shares of the pipeline company’s stock worth $6,663,000 after purchasing an additional 10,519 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Kinder Morgan by 6.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,169,231 shares of the pipeline company’s stock valued at $34,375,000 after buying an additional 73,224 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.81, for a total transaction of $171,476.46. Following the sale, the vice president directly owned 207,370 shares in the company, valued at $5,766,959.70. The trade was a 2.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 bought 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 directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $511,655. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 0.0%

KMI opened at $27.20 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The firm has a market capitalization of $60.52 billion, a P/E ratio of 22.30, a PEG ratio of 2.38 and a beta of 0.67. The company’s 50-day moving average is $26.80 and its 200 day moving average is $27.28. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm 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. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KMI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Jefferies Financial Group cut their target price on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Finally, Scotiabank lowered their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

Kinder Morgan 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.