Kinder Morgan, Inc. $KMI Stake Increased by Mainstay Capital Management LLC ADV

Key Points

• Mainstay Capital Management LLC ADV increased its stake in Kinder Morgan, Inc. by 81.8%, now holding 27,658 shares worth $813,000 following the purchase of 12,443 additional shares in the second quarter.
• Several other hedge funds significantly boosted their holdings in Kinder Morgan, with increases of up to 927.1% by Sierra Ocean LLC in Q1, highlighting a trend of institutional investment in the company.
• Kinder Morgan declared a quarterly dividend of $0.2925, translating to an annualized dividend yield of 4.2%, with a payout ratio of 95.90% as investors assess the company's financial health.

Mainstay Capital Management LLC ADV boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 81.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,658 shares of the pipeline company's stock after purchasing an additional 12,443 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in Kinder Morgan were worth $813,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sierra Ocean LLC boosted its holdings in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 788 shares during the period. JNBA Financial Advisors boosted its holdings in shares of Kinder Morgan by 669.2% during the first 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. Cranbrook Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 562 shares during the period. Grove Bank & Trust raised its stake in shares of Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan during the second quarter valued at about $34,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insiders Place Their Bets

In related news, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the business'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 sale, the chief financial officer directly owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock worth $3,727,678 in the last quarter. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Trading Up 0.5%

NYSE:KMI opened at $28.14 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a fifty-two week low of $23.19 and a fifty-two week high of $31.48. The stock's 50-day moving average is $27.29 and its two-hundred day moving average is $27.47. The stock has a market cap of $62.53 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 3.29 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting 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 for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the business posted $0.26 EPS. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan's payout ratio is presently 95.90%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. BMO Capital Markets started coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They issued an "outperform" rating and a $32.00 price target on the stock. Scotiabank dropped their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Friday, September 19th. Finally, Barclays reiterated an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $31.25.

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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