Monument Capital Management Buys Shares of 11,849 Kinder Morgan, Inc. $KMI

Key Points

• Monument Capital Management has acquired a stake in Kinder Morgan, buying 11,849 shares valued at approximately $348,000 during the second quarter.
• A significant number of hedge funds have increased their holdings in Kinder Morgan, with increases ranging from 927.1% to 2,913.5% among various firms.
• Kinder Morgan recently declared a quarterly dividend of $0.2925 per share, resulting in an annualized yield of 4.3% for shareholders.

Monument Capital Management bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,849 shares of the pipeline company's stock, valued at approximately $348,000.

Other hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC grew its position in shares of Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 788 shares in the last quarter. JNBA Financial Advisors grew its position in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after purchasing an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC grew its position in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 562 shares in the last quarter. Grove Bank & Trust grew its position in shares of Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan during the 2nd quarter valued at $34,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on KMI. BMO Capital Markets started coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an "outperform" rating and a $32.00 price target for the company. TD Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research report on Thursday. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Kinder Morgan in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.88.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.12 on Friday. The company has a 50-day simple moving average of $27.26 and a two-hundred day simple moving average of $27.45. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 12-month low of $23.86 and a 12-month high of $31.48. The firm has a market cap of $60.25 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.24 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, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The company's 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. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.3%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio is presently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction dated Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the purchase, the director owned 34,764 shares of the company's stock, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is currently owned by insiders.

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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