Kingstone Capital Partners Texas LLC Takes Position in Kinder Morgan, Inc. $KMI

Key Points

• Kingstone Capital Partners Texas LLC has invested $68.12 million in Kinder Morgan, acquiring 2,317,154 shares, increasing its ownership to approximately 0.10% of the company.
• In the second quarter, Kinder Morgan reported earnings of $0.28 per share, matching analysts' expectations, with a revenue of $4.04 billion, exceeding forecasts of $3.75 billion.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, translating to an annualized dividend of $1.17 and a yield of 4.3%, with a payout ratio of 95.90%.

Kingstone Capital Partners Texas LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,317,154 shares of the pipeline company's stock, valued at approximately $68,124,000. Kingstone Capital Partners Texas LLC owned 0.10% of Kinder Morgan at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. boosted its position 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 worth $183,793,000 after buying an additional 794,388 shares during the period. Burney Co. boosted its holdings in 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 last quarter. Aberdeen Group plc boosted its holdings in 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 last quarter. AdvisorNet Financial Inc boosted its holdings in 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 last quarter. Finally, Siemens Fonds Invest GmbH boosted its holdings in 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 last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI traded up $0.36 during trading hours on Tuesday, hitting $27.54. 2,441,582 shares of the company were exchanged, compared to its average volume of 14,243,427. The company has a market capitalization of $61.20 billion, a PE ratio of 22.56, a PEG ratio of 3.22 and a beta of 0.81. 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 fifty day simple moving average of $27.14 and a 200-day simple moving average of $27.40. Kinder Morgan, Inc. has a one year low of $21.61 and a one year high of $31.48.

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 (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 analyst estimates of $3.75 billion. During the same quarter in the prior year, the company earned $0.26 earnings per share. The company'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, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share 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 issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of analyst reports. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Morgan Stanley set a $32.00 price objective on Kinder Morgan in a research note on Thursday. TD Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.06.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,008 shares of company stock valued at $3,553,982. Insiders own 12.73% of the company's stock.

About Kinder Morgan

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.