Integrity Alliance LLC. Buys 16,555 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Integrity Alliance LLC increased its stake in Kinder Morgan by 226.7% in Q1, purchasing an additional 16,555 shares, bringing its total holdings to 23,858 shares worth approximately $681,000.
• Kinder Morgan's stock is currently priced at $27.56, with a market capitalization of $61.24 billion and a dividend yield of 4.2%.
• Analysts have set a consensus price target of $31.20 for Kinder Morgan, with nine analysts rating it as a "Buy" and seven as "Hold."

Integrity Alliance LLC. grew its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 226.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,858 shares of the pipeline company's stock after purchasing an additional 16,555 shares during the quarter. Integrity Alliance LLC.'s holdings in Kinder Morgan were worth $681,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC lifted its holdings 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 purchasing an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $26,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth $29,000. JNBA Financial Advisors lifted its holdings in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after acquiring an additional 870 shares during the period. Finally, Grove Bank & Trust lifted its holdings in Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock worth $32,000 after acquiring an additional 1,078 shares during the period. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Up 0.7%

KMI stock opened at $27.56 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. The company has a market capitalization of $61.24 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.21 and a beta of 0.81. Kinder Morgan, Inc. has a fifty-two week low of $20.72 and a fifty-two week high of $31.48. The stock has a fifty day moving average of $27.24 and a 200-day moving average of $27.34.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company earned $0.26 EPS. 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. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's payout ratio is presently 95.90%.

Insider Activity at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction on Monday, August 11th. The shares were 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 approximately $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. Insiders sold a total of 128,008 shares of company stock worth $3,553,982 in the last 90 days. 12.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on KMI. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Friday, July 25th. TD Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Thursday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

About Kinder Morgan

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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