Ashton Thomas Private Wealth LLC Acquires 15,930 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Ashton Thomas Private Wealth LLC increased its holdings in Kinder Morgan, acquiring an additional 15,930 shares, resulting in total ownership of 94,856 shares worth $2,706,000.
• Goldman Sachs Group Inc. significantly boosted its position in Kinder Morgan by 37.5%, owning 20,281,385 shares valued at $578,628,000.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, translating to an annualized yield of 4.4%, with a high payout ratio of 95.90%.

Ashton Thomas Private Wealth LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 20.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,856 shares of the pipeline company's stock after acquiring an additional 15,930 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Kinder Morgan were worth $2,706,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Kinder Morgan by 0.6% in the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after acquiring an additional 1,302,794 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after purchasing an additional 5,529,065 shares during the last quarter. Deutsche Bank AG grew its holdings in Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after purchasing an additional 290,653 shares during the last quarter. Amundi grew its holdings in Kinder Morgan by 8.0% during the first quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock valued at $353,785,000 after purchasing an additional 943,023 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in Kinder Morgan by 5.4% during the first quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock valued at $307,741,000 after purchasing an additional 553,395 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Activity

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president owned 225,868 shares in the company, valued at $6,098,436. This represents a 2.66% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is owned by insiders.

Kinder Morgan Price Performance

NYSE:KMI opened at $26.50 on Tuesday. The stock has a market cap of $58.87 billion, a P/E ratio of 21.72, a PEG ratio of 3.12 and a beta of 0.81. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48. The company has a fifty day moving average price of $27.31 and a 200 day moving average price of $27.34. 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 earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan's payout ratio is currently 95.90%.

Analysts Set New Price Targets

Several equities analysts have commented on KMI shares. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research note on Monday, July 7th. Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. TD Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.20.

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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