Krilogy Financial LLC Purchases New Shares in Kinder Morgan, Inc. $KMI

Key Points

• Krilogy Financial LLC invested approximately $299,000 in Kinder Morgan, acquiring 10,178 shares in the second quarter, reflecting ongoing institutional interest in the company.
• Several analysts have recently set price targets for Kinder Morgan, with ranges from $28.00 to $34.00, and the consensus rating stands at "Moderate Buy" with an average target price of $31.20.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, translating to an annualized yield of 4.3%, with a payout ratio of 95.90%.

Krilogy Financial LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,178 shares of the pipeline company's stock, valued at approximately $299,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at about $205,966,000. 59 North Capital Management LP acquired a new position in Kinder Morgan in the first quarter worth approximately $195,658,000. Goldman Sachs Group Inc. boosted its stake in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after buying an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Kinder Morgan by 212.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after purchasing an additional 3,718,521 shares during the last quarter. Finally, Zimmer Partners LP acquired a new position in Kinder Morgan during the 4th quarter worth approximately $62,499,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMI has been the subject of a number of research analyst reports. Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating for the company. BMO Capital Markets started coverage on Kinder Morgan in a research note on Friday. They issued an "outperform" rating and a $32.00 price target on the stock. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Friday, July 25th. Stifel Nicolaus upped their price target 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. Finally, Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $31.06.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the transaction, the vice president directly owned 225,868 shares of the company's stock, valued at $6,098,436. This represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 in the last quarter. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

KMI traded down $0.21 during midday trading on Friday, reaching $27.46. The company had a trading volume of 20,818,468 shares, compared to its average volume of 11,150,739. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The company has a market cap of $61.02 billion, a P/E ratio of 22.51, a P/E/G ratio of 3.22 and a beta of 0.81. Kinder Morgan, Inc. has a 1 year low of $21.45 and a 1 year high of $31.48. The business has a 50-day moving average of $27.17 and a two-hundred day moving average of $27.38.

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, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the firm earned $0.26 EPS. The business'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. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

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.