CW Advisors LLC Increases Stake in Kinder Morgan, Inc. $KMI

Key Points

• CW Advisors LLC increased its holdings in Kinder Morgan, Inc. by 7.6%, acquiring an additional 16,169 shares to bring its total ownership to 228,155 shares valued at approximately $6.51 million.
• Kinder Morgan reported a quarterly EPS of $0.28, meeting analyst expectations, along with a revenue increase of 13.2% year-over-year for the quarter, totaling $4.04 billion.
• The company announced a quarterly dividend of $0.2925 per share, with an annualized dividend yield of 4.4%, and a payout ratio of 95.90%.

CW Advisors LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 228,155 shares of the pipeline company's stock after purchasing an additional 16,169 shares during the period. CW Advisors LLC's holdings in Kinder Morgan were worth $6,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC grew its stake in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan in the 4th quarter valued at approximately $27,000. JNBA Financial Advisors raised its holdings in Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after buying an additional 870 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan in the 4th quarter valued at approximately $29,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of the stock in a transaction dated Monday, July 28th. The shares were bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the purchase, the director directly owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,842 shares of company stock worth $3,896,180. 12.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays reiterated an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Scotiabank increased their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 target price for the company. Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and an average price target of $31.20.

Kinder Morgan Stock Up 0.8%

Shares of KMI traded up $0.22 during trading hours on Wednesday, reaching $26.84. The stock had a trading volume of 11,225,592 shares, compared to its average volume of 14,527,165. Kinder Morgan, Inc. has a 12 month low of $20.56 and a 12 month high of $31.48. The firm has a 50-day simple moving average of $27.60 and a 200 day simple moving average of $27.33. 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 company has a market capitalization of $59.63 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 3.35 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting 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 business earned $0.26 EPS. Kinder Morgan's quarterly 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. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is presently 95.90%.

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.