Kinder Morgan, Inc. $KMI Shares Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 695,791 shares of the pipeline company’s stock after buying an additional 19,203 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Kinder Morgan were worth $19,698,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KMI. LFA Lugano Financial Advisors SA acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $26,000. Cranbrook Wealth Management LLC boosted its position in Kinder Morgan by 116.1% during the second 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 acquired a new stake in Kinder Morgan in the second quarter valued at approximately $34,000. CoreFirst Bank & Trust purchased a new stake in shares of Kinder Morgan in the second quarter valued at approximately $35,000. Finally, Private Wealth Management Group LLC raised its stake in shares of Kinder Morgan by 94.9% during the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after buying an additional 595 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Richard D. Kinder acquired 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the transaction, the vice president owned 201,204 shares in the company, valued at $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $507,462. Corporate insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMI. Morgan Stanley set a $29.00 price target on shares of Kinder Morgan in a report on Tuesday, December 23rd. UBS Group reiterated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Scotiabank reduced their price target on shares of 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 lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Finally, Royal Bank Of Canada boosted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

Kinder Morgan Stock Up 1.0%

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

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share 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 for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter 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, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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