Columbus Macro LLC Has $11.29 Million Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Columbus Macro LLC increased its stake in Kinder Morgan, Inc. by 11.8% to a total of $11.29 million, making it the firm's 11th largest position.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, providing a yield of 4.2% and reflecting a high payout ratio of 95.90%.
• The company's quarterly earnings exceeded estimates with a revenue of $4.04 billion, up 13.2% year-over-year, and it reaffirmed its EPS guidance for FY 2025.

Columbus Macro LLC raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 11.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,930 shares of the pipeline company's stock after purchasing an additional 40,469 shares during the period. Kinder Morgan makes up approximately 1.4% of Columbus Macro LLC's investment portfolio, making the stock its 11th biggest position. Columbus Macro LLC's holdings in Kinder Morgan were worth $11,288,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KMI. Alhambra Investment Management LLC raised its holdings in shares of Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company's stock valued at $468,000 after purchasing an additional 363 shares during the period. Relyea Zuckerberg Hanson LLC raised its holdings in shares of Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company's stock worth $276,000 after acquiring an additional 374 shares during the last quarter. Morton Capital Management LLC CA raised its holdings in shares of Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after acquiring an additional 377 shares during the last quarter. QTR Family Wealth LLC raised its holdings in shares of Kinder Morgan by 2.7% in the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company's stock worth $423,000 after acquiring an additional 377 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of Kinder Morgan by 0.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock worth $1,396,000 after acquiring an additional 378 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.5%

KMI opened at $28.14 on Thursday. The company has a 50 day moving average of $27.29 and a 200 day moving average of $27.47. The company has a market cap of $62.53 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 3.29 and a beta of 0.78. Kinder Morgan, Inc. has a 12 month low of $23.19 and a 12 month high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

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, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm earned $0.26 EPS. Kinder Morgan's revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KMI shares. 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 report on Thursday, July 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Kinder Morgan in a research report on Wednesday. Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating for the company. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Finally, Barclays reaffirmed an "overweight" rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.25.

Insiders Place Their Bets

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the sale, the vice president owned 219,702 shares in the company, valued at $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. 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. Company insiders own 12.73% of the company's stock.

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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