14,682 Shares in Kinder Morgan, Inc. $KMI Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has purchased 14,682 shares of Kinder Morgan, Inc. valued at approximately $419,000, indicating continuing investor interest in the pipeline company.
• Several analysts have increased target prices for Kinder Morgan, with Wells Fargo raising theirs to $34, while the company is rated as a "Moderate Buy" with a consensus price target of $31.20.
• VP John W. Schlosser sold 6,166 shares at an average price of $27, reflecting continued insider trading activity alongside other significant insider sales in recent months.

Dynamic Technology Lab Private Ltd bought a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 14,682 shares of the pipeline company's stock, valued at approximately $419,000.

A number of other large investors also recently modified their holdings of the company. Teza Capital Management LLC bought a new position in shares of Kinder Morgan in the 1st quarter worth $254,000. Rise Advisors LLC grew its stake in shares of Kinder Morgan by 53.9% in the 1st quarter. Rise Advisors LLC now owns 3,913 shares of the pipeline company's stock worth $112,000 after acquiring an additional 1,370 shares in the last quarter. Pacific Center for Financial Services grew its stake in shares of Kinder Morgan by 74.4% in the 1st quarter. Pacific Center for Financial Services now owns 28,575 shares of the pipeline company's stock worth $815,000 after acquiring an additional 12,190 shares in the last quarter. New England Asset Management Inc. grew its stake in shares of Kinder Morgan by 0.9% in the 1st quarter. New England Asset Management Inc. now owns 141,655 shares of the pipeline company's stock worth $4,041,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of Kinder Morgan by 1.2% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 244,859 shares of the pipeline company's stock worth $6,986,000 after acquiring an additional 2,869 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KMI. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Barclays reiterated an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

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 dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president directly owned 225,868 shares of the company's stock, valued at $6,098,436. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sital K. Mody sold 45,549 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,008 shares of company stock valued at $3,553,982. Insiders own 12.73% of the company's stock.

Kinder Morgan Trading Up 0.7%

Shares of Kinder Morgan stock opened at $27.56 on Friday. The stock has a fifty day moving average price of $27.24 and a 200-day moving average price of $27.34. Kinder Morgan, Inc. has a 1 year low of $20.72 and a 1 year high of $31.48. The firm has a market cap of $61.24 billion, a PE ratio of 22.59, a P/E/G ratio of 3.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company's revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.2%. Kinder Morgan's dividend payout ratio is 95.90%.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.

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