Kinder Morgan, Inc. $KMI Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in Kinder Morgan, Inc. by 94.9% in the 1st quarter, acquiring an additional 212,004 shares to hold a total of 435,399 shares valued at approximately $12.4 million.
• Several other institutional investors have also significantly increased their positions in Kinder Morgan, with cumulative institutional ownership now at 62.52%.
• Analyst ratings for Kinder Morgan show a consensus rating of “Moderate Buy” with an average target price of $31.20, reflecting a positive outlook from nine analysts rated as "Buy".

Empowered Funds LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 94.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 435,399 shares of the pipeline company's stock after acquiring an additional 212,004 shares during the period. Empowered Funds LLC's holdings in Kinder Morgan were worth $12,422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC lifted its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after acquiring an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan during the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, JNBA Financial Advisors raised its position 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 purchasing an additional 870 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on KMI. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research report on Monday, July 7th. Stifel Nicolaus upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday, August 14th. Barclays reaffirmed an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Scotiabank upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Stock Performance

KMI stock opened at $26.50 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a market cap of $58.87 billion, a P/E ratio of 21.72, a P/E/G ratio of 3.12 and a beta of 0.81. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-month high of $31.48. The stock's 50 day simple moving average is $27.31 and its 200 day simple moving average 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, meeting the consensus estimate of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business's revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. 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 EPS 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 yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio is presently 95.90%.

Insider Activity

In related news, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the purchase, the director directly owned 34,764 shares in the company, valued at $945,928.44. This represents a 8.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares of the company's stock, 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 128,008 shares of company stock worth $3,553,982 over the last 90 days. Insiders own 12.73% of the company's stock.

Kinder Morgan 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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