Hilltop National Bank Buys New Shares in Kinder Morgan, Inc. $KMI

Key Points

• Hilltop National Bank has acquired 9,481 shares of Kinder Morgan, Inc., amounting to approximately $279,000 in value during the second quarter.
• The company reported a strong quarterly performance with $4.04 billion in revenue and earnings per share meeting analyst expectations at $0.28.
• Kinder Morgan recently declared a quarterly dividend of $0.2925 per share, representing a yield of 4.1%, with a high dividend payout ratio of 95.90%.

Hilltop National Bank purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,481 shares of the pipeline company's stock, valued at approximately $279,000.

Other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% during 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 during the period. JNBA Financial Advisors grew its holdings in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after purchasing an additional 870 shares during the period. Cranbrook Wealth Management LLC increased its position in Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock worth $31,000 after purchasing an additional 562 shares in the last quarter. Grove Bank & Trust raised its holdings in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after buying an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC acquired a new position in Kinder Morgan during the second quarter valued at approximately $34,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the transaction, the vice president directly owned 225,868 shares in the company, valued at approximately $6,098,436. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total value 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. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 1.0%

Shares of NYSE KMI opened at $28.50 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a 1 year low of $23.06 and a 1 year high of $31.48. The stock's 50-day simple moving average is $27.27 and its 200-day simple moving average is $27.47. The firm has a market cap of $63.32 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 3.32 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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 firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm earned $0.26 EPS. Kinder Morgan'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. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.1%. Kinder Morgan's dividend payout ratio is currently 95.90%.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. TD Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Scotiabank cut their price objective on Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Friday, September 19th. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. BMO Capital Markets started coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an "outperform" rating and a $32.00 target price for the company. Finally, Morgan Stanley boosted their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Eleven 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 an average rating of "Moderate Buy" and a consensus price target of $31.25.

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.

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