Kinder Morgan, Inc. $KMI Shares Bought by ORG Wealth Partners LLC

Key Points

• ORG Wealth Partners LLC has increased its stake in Kinder Morgan, Inc. by 56.2%, now owning 26,738 shares valued at $757,000.
• The company's quarterly dividend was recently announced at $0.2925 per share, yielding 4.1% annually, with a high dividend payout ratio of 95.90%.
• Kinder Morgan's stock is currently rated as a "Moderate Buy" by analysts, with an average target price set at $31.06.

ORG Wealth Partners LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 56.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,738 shares of the pipeline company's stock after buying an additional 9,622 shares during the quarter. ORG Wealth Partners LLC's holdings in Kinder Morgan were worth $757,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KMI. Brighton Jones LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $308,000. Centaurus Financial Inc. raised its holdings in Kinder Morgan by 13.2% in the fourth quarter. Centaurus Financial Inc. now owns 13,527 shares of the pipeline company's stock valued at $371,000 after acquiring an additional 1,580 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Kinder Morgan by 32.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 871,438 shares of the pipeline company's stock valued at $23,877,000 after acquiring an additional 215,446 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Kinder Morgan by 10.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 8,381 shares of the pipeline company's stock valued at $239,000 after acquiring an additional 816 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Kinder Morgan by 36.1% in the first quarter. Versant Capital Management Inc now owns 8,863 shares of the pipeline company's stock valued at $253,000 after acquiring an additional 2,352 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KMI. Scotiabank reduced their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a report on Friday, September 19th. BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an "outperform" rating and a $32.00 target price on the stock. TD Cowen initiated 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. Barclays reiterated an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, Morgan Stanley set a $32.00 price target on shares of Kinder Morgan in a research note on Thursday, September 18th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.06.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.21 on Friday. The firm's fifty day moving average price is $27.15 and its 200 day moving average price is $27.42. Kinder Morgan, Inc. has a 1-year low of $21.61 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 $62.68 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 3.28 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS 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 company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $0.26 earnings per share. Kinder Morgan'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. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 dividend on an annualized basis and a yield of 4.1%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Insider Buying and Selling

In other news, Director Amy W. Chronis purchased 2,759 shares of the business's stock in a transaction dated Monday, July 28th. The stock was acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director directly owned 34,764 shares of the company's stock, valued at $945,928.44. This represents a 8.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the transaction, the vice president directly owned 225,868 shares of the company's stock, valued at $6,098,436. This trade represents a 2.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock valued at $3,553,982 in the last quarter. Corporate insiders own 12.73% of the company's stock.

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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