Curi RMB Capital LLC Has $18.75 Million Stake in Kinder Morgan, Inc. $KMI

Key Points

• Curi RMB Capital LLC increased its stake in Kinder Morgan by 1.5% during Q1, owning 657,032 shares valued at $18.75 million.
• Kinder Morgan reported earnings of $0.28 per share, matching analyst expectations, with revenue of $4.04 billion, exceeding estimates of $3.75 billion.
• The company announced a quarterly dividend of $0.2925 per share, reflecting an annual yield of 4.4% and a dividend payout ratio of 95.90%.

Curi RMB Capital LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 657,032 shares of the pipeline company's stock after acquiring an additional 9,574 shares during the period. Curi RMB Capital LLC's holdings in Kinder Morgan were worth $18,745,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Westwood Holdings Group Inc. increased its stake in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock valued at $183,793,000 after purchasing an additional 794,388 shares during the period. Burney Co. increased its stake in shares of Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc increased its stake in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after purchasing an additional 609,748 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Kinder Morgan by 402.5% in the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock valued at $1,124,000 after purchasing an additional 31,553 shares during the period. Finally, Siemens Fonds Invest GmbH increased its stake in shares of Kinder Morgan by 127.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 27,978 shares of the pipeline company's stock valued at $767,000 after purchasing an additional 15,662 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In related news, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amy W. Chronis acquired 2,759 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 128,008 shares of company stock valued at $3,553,982 in the last 90 days. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

Kinder Morgan stock traded up $0.37 during mid-day trading on Tuesday, hitting $26.85. The company's stock had a trading volume of 4,208,959 shares, compared to its average volume of 14,414,063. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $59.66 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.12 and a beta of 0.81. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month high of $31.48. The stock's fifty day moving average price is $27.31 and its two-hundred day moving average price is $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 (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Scotiabank raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Barclays restated an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Wolfe Research upgraded 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. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

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.