Callan Family Office LLC Buys New Shares in Kinder Morgan, Inc. $KMI

Key Points

• Callan Family Office LLC has acquired a new stake in Kinder Morgan, purchasing 26,829 shares valued at approximately $789,000 during the second quarter.
• Several institutional investors have significantly increased their holdings in Kinder Morgan, with Westwood Holdings Group Inc. raising their stake by 14.1% and Burney Co. by 133.5% during the first quarter.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, with an annualized dividend yield of 4.3% and a payout ratio currently at 95.90%.

Callan Family Office LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,829 shares of the pipeline company's stock, valued at approximately $789,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. lifted its holdings 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 valued at $183,793,000 after buying an additional 794,388 shares during the period. Burney Co. lifted its holdings in Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after buying an additional 252,736 shares during the period. Aberdeen Group plc raised its holdings in shares of Kinder Morgan by 35.2% during the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after purchasing an additional 609,748 shares during the period. Columbus Macro LLC raised its holdings in shares of Kinder Morgan by 7.4% during the first quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company's stock valued at $9,799,000 after purchasing an additional 23,520 shares during the period. Finally, Eagle Global Advisors LLC raised its holdings in shares of Kinder Morgan by 15.6% during the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company's stock valued at $29,000,000 after purchasing an additional 137,030 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research reports. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a report on Thursday. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a report on Thursday, August 14th. TD Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. Barclays reiterated an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.88.

Insider Activity

In other news, EVP Dax Sanders sold 30,127 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares of the company's stock, valued at $7,898,600. This represents a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was 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 ninety days, insiders sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is owned by insiders.

Kinder Morgan Trading Up 0.9%

NYSE:KMI opened at $27.34 on Tuesday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The firm has a 50-day moving average price of $27.24 and a two-hundred day moving average price of $27.43. The firm has a market cap of $60.74 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. 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 prior year, the firm earned $0.26 EPS. The company's 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. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio is currently 95.90%.

About Kinder Morgan

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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