Hobbs Group Advisors LLC Acquires 11,948 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Hobbs Group Advisors LLC increased its holdings in Kinder Morgan by 32.7%, acquiring 11,948 additional shares during the second quarter, bringing their total to 48,448 shares valued at approximately $1.42 million.
• Institutional investors now own 62.52% of Kinder Morgan's stock, with significant quarterly increases from firms like Goldman Sachs and Vanguard Group.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, yielding 4.3%, with a payout ratio of 95.90% as of the last report.

Hobbs Group Advisors LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 32.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,448 shares of the pipeline company's stock after purchasing an additional 11,948 shares during the quarter. Hobbs Group Advisors LLC's holdings in Kinder Morgan were worth $1,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Kinder Morgan by 0.6% during the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after purchasing an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after buying an additional 5,529,065 shares during the period. Deutsche Bank AG increased its stake in shares of Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after buying an additional 290,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kinder Morgan by 19.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company's stock valued at $380,145,000 after buying an additional 2,144,307 shares during the period. Finally, Amundi increased its stake in shares of Kinder Morgan by 8.0% during the first quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock valued at $353,785,000 after buying an additional 943,023 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

KMI opened at $27.12 on Friday. The business's 50-day moving average is $27.26 and its two-hundred day moving average is $27.44. Kinder Morgan, Inc. has a 1 year low of $23.86 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The firm has a market capitalization of $60.25 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its 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 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 analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm'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. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan's payout ratio is presently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy W. Chronis purchased 2,759 shares of the company's stock in a transaction dated Monday, July 28th. The shares were acquired at an average price 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. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 134,174 shares of company stock valued at $3,727,678. Insiders own 12.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating on the stock. Barclays restated an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. TD Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price target on the stock. BMO Capital Markets assumed coverage on Kinder Morgan in a research note on Friday, September 19th. They set an "outperform" rating and a $32.00 price target on the stock. Finally, Scotiabank cut their price target on Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research note on Friday, September 19th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.88.

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.

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