Courier Capital LLC Purchases 86,916 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Courier Capital nearly doubled its Kinder Morgan position in the third quarter, purchasing 86,916 additional shares and bringing its total holdings to 176,538 shares valued at approximately $5.3 million.
• Institutional ownership remains significant, with hedge funds and other institutions holding 62.52% of KMI’s shares. Several major investors, including State Street, BlackRock, and Assenagon Asset Management, increased their positions.
• Kinder Morgan shares recently traded at $33.44, while the company reported better-than-expected quarterly earnings and maintains a 3.6% dividend yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $35.47.

Courier Capital LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 97.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,538 shares of the pipeline company's stock after buying an additional 86,916 shares during the period. Courier Capital LLC's holdings in Kinder Morgan were worth $5,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board acquired a new position in shares of Kinder Morgan in the second quarter worth about $239,397,000. State Street Corp grew its stake in Kinder Morgan by 4.3% during the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company's stock valued at $4,183,704,000 after purchasing an additional 5,361,578 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Kinder Morgan by 220.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,915,696 shares of the pipeline company's stock valued at $125,185,000 after purchasing an additional 2,695,654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Kinder Morgan by 253.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,994,968 shares of the pipeline company's stock valued at $100,421,000 after purchasing an additional 2,146,573 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company's stock valued at $5,621,421,000 after buying an additional 1,875,143 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the transaction, the vice president owned 48,863 shares of the company's stock, valued at $1,504,980.40. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 1.1%

NYSE KMI traded up $0.36 on Tuesday, hitting $33.44. 10,771,812 shares of the stock traded hands, compared to its average volume of 12,135,304. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average of $31.51 and a 200 day moving average of $32.03. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a market capitalization of $74.47 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 2.29 and a beta of 0.59.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the firm earned $0.28 EPS. The business's revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan's payout ratio is currently 76.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KMI. Citigroup restated a "neutral" rating and issued a $34.00 price target (up from $33.00) on shares of Kinder Morgan in a research note on Wednesday, July 29th. Stifel Nicolaus started coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They set a "hold" rating and a $35.00 price objective on the stock. Argus raised their price objective on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Zacks Research lowered shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings downgraded shares of Kinder Morgan from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and an average target price of $35.47.

About Kinder Morgan

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company's natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.

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