Maven Securities LTD Acquires New Position in Kinder Morgan, Inc. $KMI

Key Points

• Maven Securities LTD has acquired a new stake in Kinder Morgan, Inc., purchasing 23,187 shares valued at approximately $662,000.
• Several hedge funds have increased their positions in Kinder Morgan, resulting in institutional investors owning 62.52% of the company's stock.
• Recent analyst reports reflect positive sentiment, with nine analysts rating Kinder Morgan as a Buy and a consensus price target of $31.20.

Maven Securities LTD acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,187 shares of the pipeline company's stock, valued at approximately $662,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morton Capital Management LLC CA raised its holdings in Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after acquiring an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Kinder Morgan by 0.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock worth $1,396,000 after purchasing an additional 378 shares in the last quarter. Diligent Investors LLC raised its stake in shares of Kinder Morgan by 1.5% in the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after purchasing an additional 381 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after purchasing an additional 381 shares in the last quarter. Finally, Aspiriant LLC lifted its holdings in shares of Kinder Morgan by 1.7% during the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KMI shares. Scotiabank boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Barclays restated an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. JPMorgan Chase & Co. lifted their target price 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. Finally, Royal Bank Of Canada increased their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Stock Up 0.5%

KMI opened at $26.3620 on Wednesday. The firm's 50 day simple moving average is $27.69 and its two-hundred day simple moving average is $27.35. The company has a market capitalization of $58.58 billion, a PE ratio of 21.61, a PEG ratio of 3.30 and a beta of 0.78. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during 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%.Kinder Morgan's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan's payout ratio is 95.90%.

Insider Buying and Selling

In other news, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares of the company's stock, valued at $4,494,275.32. This represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,842 shares of company stock worth $3,896,180 in the last ninety days. 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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