Counterpoint Mutual Funds LLC Makes New $1.93 Million Investment in Kinder Morgan, Inc. $KMI

Key Points

• Counterpoint Mutual Funds LLC has made a new investment of approximately $1.93 million in Kinder Morgan, acquiring 65,480 shares in the 2nd quarter.
• Several institutional investors have increased their positions in Kinder Morgan, with hedge funds owning 62.52% of the company's stock.
• Analysts have rated Kinder Morgan with a consensus price target of $31.06, with ten analysts issuing a Buy rating as of late July.

Counterpoint Mutual Funds LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 65,480 shares of the pipeline company's stock, valued at approximately $1,925,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Morton Capital Management LLC CA lifted its position in shares of Kinder Morgan by 1.0% during the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after buying an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Kinder Morgan by 0.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after buying an additional 378 shares during the last quarter. Signaturefd LLC lifted its position in shares of Kinder Morgan by 1.8% during the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after buying an additional 381 shares during the last quarter. Aspiriant LLC lifted its position in shares of Kinder Morgan by 1.7% during the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after buying an additional 396 shares during the last quarter. Finally, Presima Securities ULC lifted its position in shares of Kinder Morgan by 0.9% during the 1st quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company's stock valued at $1,335,000 after buying an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMI shares. Barclays reaffirmed an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Wells Fargo & Company upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday. They set an "outperform" rating and a $32.00 price target on the stock. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.06.

Insider Buying and Selling at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the firm's 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 transaction, the executive vice president directly owned 292,000 shares in the company, valued at $7,898,600. This trade represents a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 over the last quarter. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $27.20 on Tuesday. The stock has a market cap of $60.43 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 3.22 and a beta of 0.81. 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, Inc. has a 1-year low of $21.61 and a 1-year high of $31.48. The stock's 50-day moving average is $27.14 and its 200 day moving average is $27.40.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the firm posted $0.26 EPS. Kinder Morgan's revenue for the quarter 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, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared 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 yield of 4.3%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

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.

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.