Benjamin Edwards Inc. Purchases 57,070 Shares of Kinder Morgan, Inc. $KMI

Benjamin Edwards Inc. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 16.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 408,421 shares of the pipeline company’s stock after purchasing an additional 57,070 shares during the period. Benjamin Edwards Inc.’s holdings in Kinder Morgan were worth $11,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Davis Capital Management acquired a new position in Kinder Morgan in the third quarter worth $1,426,000. Vise Technologies Inc. bought a new position in shares of Kinder Morgan in the second quarter valued at about $1,713,000. Nordea Investment Management AB lifted its position in Kinder Morgan by 9.9% during the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after buying an additional 13,150 shares in the last quarter. Rhumbline Advisers lifted its position in Kinder Morgan by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 3,928,534 shares of the pipeline company’s stock worth $115,499,000 after buying an additional 14,327 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in Kinder Morgan by 9.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 7,058,772 shares of the pipeline company’s stock worth $207,528,000 after acquiring an additional 616,679 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 3,800 shares of Kinder Morgan stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the transaction, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents 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 90 days, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $507,462. Insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. BMO Capital Markets began coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company. Mizuho lowered their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Morgan Stanley set a $29.00 price objective on Kinder Morgan in a report on Tuesday, December 23rd. Scotiabank decreased their price objective 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. Finally, Royal Bank Of Canada boosted their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Trading Up 1.0%

NYSE KMI opened at $27.26 on Friday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The stock has a 50-day simple moving average of $26.95 and a 200 day simple moving average of $27.27. 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 company has a market capitalization of $60.65 billion, a PE ratio of 22.35, a P/E/G ratio of 2.23 and a beta of 0.69.

Kinder Morgan (NYSE:KMI) last posted its 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. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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

About Kinder Morgan

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.