M.E. Allison & CO. Inc. Takes Position in Kinder Morgan, Inc. $KMI

Key Points

• M.E. Allison & CO. Inc. has acquired a new position in Kinder Morgan, purchasing 10,100 shares valued at approximately $297,000 during the 2nd quarter of 2023.
• Kinder Morgan reported a quarterly earnings per share of $0.28, meeting consensus estimates, with revenue of $4.04 billion—13.2% higher year-over-year.
• The company announced a quarterly dividend of $0.2925, representing an annualized dividend yield of 4.3%, with a dividend payout ratio currently at 95.90%.

M.E. Allison & CO. Inc. purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,100 shares of the pipeline company's stock, valued at approximately $297,000.

Several other large investors also recently bought and sold shares of KMI. Brighton Jones LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at about $308,000. GAMMA Investing LLC increased its position in Kinder Morgan by 9.3% during the first quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company's stock worth $1,004,000 after buying an additional 3,003 shares during the period. Integrated Advisors Network LLC lifted its stake in Kinder Morgan by 13.3% in the first quarter. Integrated Advisors Network LLC now owns 11,064 shares of the pipeline company's stock valued at $316,000 after buying an additional 1,299 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Kinder Morgan by 4.7% in the first quarter. Simon Quick Advisors LLC now owns 10,815 shares of the pipeline company's stock valued at $309,000 after acquiring an additional 488 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Kinder Morgan by 5.8% during the first quarter. Fifth Third Bancorp now owns 109,267 shares of the pipeline company's stock worth $3,117,000 after acquiring an additional 5,962 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Down 1.5%

Shares of NYSE:KMI opened at $27.12 on Monday. Kinder Morgan, Inc. has a fifty-two week low of $23.86 and a fifty-two week high of $31.48. 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 firm's 50-day simple moving average is $27.26 and its 200-day simple moving average is $27.44. The company has a market cap of $60.25 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.19 and a beta of 0.78.

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, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the prior year, the company posted $0.26 earnings per share. The firm'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 predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 annualized dividend 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 currently 95.90%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the business'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 document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $814,935.35. Following the transaction, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KMI. Scotiabank reduced their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating for the company in a research report on Friday, September 19th. Weiss Ratings restated a "buy (b)" rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Barclays reaffirmed an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Jefferies Financial Group assumed coverage on Kinder Morgan in a research report on Thursday. They issued a "hold" rating and a $30.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus target price of $30.88.

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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