Kinder Morgan, Inc. $KMI Shares Bought by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP significantly increased its stake in Kinder Morgan, Inc. by 476.7% during the first quarter, reaching a total of 17,300 shares valued at $494,000.
• A number of analysts have raised target prices for Kinder Morgan, with Wells Fargo setting a new target of $34.00 and nine analysts giving the stock a Buy rating, reflecting positive sentiment in the market.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, amounting to an annualized rate of $1.17, which yields approximately 4.2% for investors.

Militia Capital Partners LP grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 476.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,300 shares of the pipeline company's stock after purchasing an additional 14,300 shares during the quarter. Militia Capital Partners LP's holdings in Kinder Morgan were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC raised its holdings in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $26,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $29,000. JNBA Financial Advisors increased its holdings in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 870 shares during the period. Finally, Grove Bank & Trust increased its holdings in shares of Kinder Morgan by 2,913.5% in the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 1,078 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KMI shares. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Friday, July 25th. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a report on Thursday, August 14th. TD Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Finally, Scotiabank lifted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president directly owned 225,868 shares in the company, valued at approximately $6,098,436. The trade was a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.56 on Friday. The firm's fifty day moving average price is $27.24 and its 200 day moving average price is $27.34. Kinder Morgan, Inc. has a 1-year low of $20.72 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 cap of $61.24 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 3.21 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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 net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the firm posted $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. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

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