Community Financial Services Group LLC Buys Shares of 59,434 Kinder Morgan, Inc. $KMI

Community Financial Services Group LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 59,434 shares of the pipeline company’s stock, valued at approximately $1,683,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV grew its holdings in Kinder Morgan by 14.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after acquiring an additional 357 shares in the last quarter. L.M. Kohn & Company lifted its position in shares of Kinder Morgan by 3.4% during the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 360 shares during the last quarter. Alhambra Investment Management LLC grew its stake in Kinder Morgan by 2.3% in the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after purchasing an additional 363 shares in the last quarter. Golden State Equity Partners increased its holdings in Kinder Morgan by 2.2% in the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after buying an additional 368 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its stake in Kinder Morgan by 4.2% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after buying an additional 374 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. UBS Group reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a report on Friday, December 12th. Royal Bank Of Canada increased their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Mizuho reduced 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. Finally, Morgan Stanley set a $29.00 price objective on shares of Kinder Morgan in a research report on Tuesday, December 23rd. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Price Performance

NYSE KMI opened at $27.70 on Friday. The company has a 50-day moving average price of $26.86 and a two-hundred day moving average price of $27.28. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The stock has a market cap of $61.63 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.69. 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 data 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 return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’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. Analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company’s 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 completion of the sale, the vice president owned 207,370 shares of the company’s stock, valued at $5,766,959.70. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was bought at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the transaction, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This 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 ninety days, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. Company insiders own 12.73% of the company’s stock.

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.