86,688 Shares in Kinder Morgan, Inc. $KMI Acquired by Owen LaRue LLC

Key Points

• Owen LaRue LLC has acquired 86,688 shares of Kinder Morgan, valued at approximately $2.5 million, making it the 25th largest holding in their portfolio.
• Insider trading activities include Dax Sanders, EVP, selling 30,127 shares, and David Patrick Michels, CFO, selling 40,000 shares, representing significant decreases in their holdings.
• Wells Fargo raised its price target on Kinder Morgan from $33.00 to $34.00 with an "overweight" rating, reflecting positive sentiment among analysts for the stock.

Owen LaRue LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 86,688 shares of the pipeline company's stock, valued at approximately $2,549,000. Kinder Morgan accounts for 1.1% of Owen LaRue LLC's portfolio, making the stock its 25th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. grew its position in Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after acquiring an additional 794,388 shares during the period. Burney Co. boosted its position in shares of Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after buying an additional 252,736 shares during the period. Aberdeen Group plc raised its stake in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after acquiring an additional 609,748 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of Kinder Morgan by 402.5% in the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock valued at $1,124,000 after acquiring an additional 31,553 shares in the last quarter. Finally, Siemens Fonds Invest GmbH raised its stake in shares of Kinder Morgan by 127.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 27,978 shares of the pipeline company's stock valued at $767,000 after acquiring an additional 15,662 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer owned 159,428 shares of the company's stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock worth $3,553,982 in the last three months. 12.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KMI shares. Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating on the stock. Morgan Stanley set a $32.00 price target on Kinder Morgan in a report on Thursday, September 18th. Scotiabank lowered their price target on Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a report on Friday, September 19th. Finally, BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They set an "outperform" rating and a $32.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.06.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.95 on Friday. The business's 50 day simple moving average is $27.14 and its 200-day simple moving average is $27.41. The firm has a market capitalization of $62.10 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 3.26 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, Inc. has a 12 month low of $21.61 and a 12 month high of $31.48.

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

Kinder Morgan Announces Dividend

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

Kinder Morgan 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.