Gilman Hill Asset Management LLC Buys 11,533 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Gilman Hill Asset Management LLC increased its stake in Kinder Morgan, Inc. by 5.8%, owning a total of 211,103 shares valued at approximately $6.2 million as of their latest SEC filing.
• Kinder Morgan reported earnings of $0.28 per share, meeting analysts' expectations, with revenue of $4.04 billion for the quarter, surpassing the estimated $3.75 billion.
• The company announced a quarterly dividend of $0.2925 per share, representing an annualized dividend of $1.17 and a yield of 4.3%.

Gilman Hill Asset Management LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,103 shares of the pipeline company's stock after buying an additional 11,533 shares during the quarter. Gilman Hill Asset Management LLC's holdings in Kinder Morgan were worth $6,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMI. Nuveen LLC acquired a new position in Kinder Morgan in the 1st quarter valued at $205,966,000. 59 North Capital Management LP acquired a new stake in Kinder Morgan in the 1st quarter worth $195,658,000. Goldman Sachs Group Inc. grew its position in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after purchasing an additional 5,529,065 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after purchasing an additional 3,718,521 shares during the last quarter. Finally, Zimmer Partners LP acquired a new stake in Kinder Morgan in the 4th quarter worth $62,499,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total value 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. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock worth $3,553,982 over the last ninety days. Corporate insiders own 12.73% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus raised their price target 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. Scotiabank raised their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Friday, July 25th. TD Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Price Performance

KMI stock traded up $0.11 during trading on Thursday, hitting $27.68. 10,169,541 shares of the stock traded hands, compared to its average volume of 11,223,886. Kinder Morgan, Inc. has a one year low of $21.45 and a one year high of $31.48. The stock has a market cap of $61.51 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 3.23 and a beta of 0.81. The company has a 50 day simple moving average of $27.18 and a 200 day simple moving average of $27.37. 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 announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm 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 posted $0.26 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 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.