Kinder Morgan, Inc. $KMI Shares Purchased by Mirador Capital Partners LP

Key Points

• Mirador Capital Partners LP boosted its holdings in Kinder Morgan by 6.5%, acquiring an additional 20,251 shares, bringing its total to 332,143 shares worth approximately $9.77 million.
• Institutional investors own 62.52% of Kinder Morgan's stock, with several hedge funds significantly increasing their positions recently, including Sierra Ocean LLC by 927.1%.
• Kinder Morgan announced a quarterly dividend of $0.2925, yielding 4.3%, while the company maintains a dividend payout ratio of 95.90%.

Mirador Capital Partners LP increased its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 332,143 shares of the pipeline company's stock after buying an additional 20,251 shares during the period. Kinder Morgan comprises about 1.6% of Mirador Capital Partners LP's holdings, making the stock its 15th largest position. Mirador Capital Partners LP's holdings in Kinder Morgan were worth $9,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KMI. Krilogy Financial LLC acquired a new position in Kinder Morgan in the 2nd quarter valued at about $299,000. Fiduciary Alliance LLC raised its stake in Kinder Morgan by 16.4% in the 2nd quarter. Fiduciary Alliance LLC now owns 363,542 shares of the pipeline company's stock valued at $10,688,000 after purchasing an additional 51,157 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in shares of Kinder Morgan by 13.5% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 48,931 shares of the pipeline company's stock valued at $1,439,000 after acquiring an additional 5,814 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at about $62,000. Finally, Czech National Bank increased its stake in shares of Kinder Morgan by 6.4% during the 2nd quarter. Czech National Bank now owns 472,538 shares of the pipeline company's stock valued at $13,893,000 after acquiring an additional 28,544 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the purchase, the director owned 34,764 shares in the company, valued at $945,928.44. This represents a 8.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the transaction, the vice president owned 225,868 shares in the company, valued at $6,098,436. This trade represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating for the company. Barclays reaffirmed an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Finally, Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research report on Monday, July 7th. Nine 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Kinder Morgan Stock Up 0.4%

NYSE KMI traded up $0.11 on Thursday, reaching $27.68. The company had a trading volume of 10,169,541 shares, compared to its average volume of 11,223,886. The firm has a market capitalization of $61.51 billion, a PE ratio of 22.69, a P/E/G ratio of 3.23 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 50-day moving average of $27.18 and a 200-day moving average of $27.37. Kinder Morgan, Inc. has a 1 year low of $21.45 and a 1 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 EPS for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business'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. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio is 95.90%.

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.