Catalyst Capital Advisors LLC Buys 13,642 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Catalyst Capital Advisors LLC increased its stake in Kinder Morgan by 1.8%, acquiring an additional 13,642 shares and making its total ownership 792,905 shares valued at $23.31 million.
• Kinder Morgan reported earnings of $0.29 per share for the recent quarter, meeting expectations, and achieved revenue of $4.15 billion, surpassing analyst predictions.
• The company declared a quarterly dividend of $0.2925 per share, with an annualized yield of 4.4%, set to be paid on November 17th.

Catalyst Capital Advisors LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 792,905 shares of the pipeline company's stock after acquiring an additional 13,642 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Kinder Morgan were worth $23,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd bought a new position in Kinder Morgan during the 2nd quarter worth approximately $309,000. Carnegie Investment Counsel grew its position in shares of Kinder Morgan by 2.4% in the 2nd quarter. Carnegie Investment Counsel now owns 688,021 shares of the pipeline company's stock worth $20,228,000 after buying an additional 16,272 shares during the last quarter. KPP Advisory Services LLC grew its position in shares of Kinder Morgan by 27.8% in the 2nd quarter. KPP Advisory Services LLC now owns 14,643 shares of the pipeline company's stock worth $431,000 after buying an additional 3,189 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Kinder Morgan by 8.5% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 535,421 shares of the pipeline company's stock worth $15,741,000 after buying an additional 41,902 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its position in shares of Kinder Morgan by 8.8% in the 2nd quarter. Bleakley Financial Group LLC now owns 33,369 shares of the pipeline company's stock worth $981,000 after buying an additional 2,701 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Down 4.6%

Kinder Morgan stock opened at $26.31 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The business's fifty day simple moving average is $27.29 and its two-hundred day simple moving average is $27.42. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The company has a market capitalization of $58.45 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly 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. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $3.98 billion. Kinder Morgan had a return on equity of 8.58% and a net margin of 16.61%.The company's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan's dividend payout ratio is presently 95.90%.

Insider Activity at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was 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 approximately $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis purchased 2,759 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the purchase, the director owned 34,764 shares of the company's stock, valued at $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 in the last 90 days. 12.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KMI shares. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective on the stock. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. Morgan Stanley set a $30.00 price target on Kinder Morgan in a research report on Thursday, October 9th. Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating on the stock. Finally, BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They set an "outperform" rating and a $32.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.13.

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.

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