Pacific Center for Financial Services Buys 12,190 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Pacific Center for Financial Services increased its stake in Kinder Morgan, Inc. by 74.4%, acquiring 12,190 additional shares and bringing its total holdings to 28,575 shares valued at approximately $815,000.
• Analysts have set new price targets for Kinder Morgan, with Barclays and Wells Fargo both issuing optimistic ratings and targeting prices of $32.00 and $34.00 respectively.
• Insider trading activity includes the sale of 121,842 shares by company insiders over the last ninety days, with the CFO selling 40,000 shares, representing a 20.06% decrease in their ownership position.

Pacific Center for Financial Services boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 74.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,575 shares of the pipeline company's stock after purchasing an additional 12,190 shares during the period. Pacific Center for Financial Services' holdings in Kinder Morgan were worth $815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morton Capital Management LLC CA increased its stake in shares of Kinder Morgan by 1.0% in the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after buying an additional 377 shares during the period. Frank Rimerman Advisors LLC raised its holdings in Kinder Morgan by 0.8% during 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 during the last quarter. Signaturefd LLC lifted its position in shares of Kinder Morgan by 1.8% in the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after purchasing an additional 381 shares during the period. Aspiriant LLC boosted its stake in shares of Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares during the last quarter. Finally, Sowell Financial Services LLC increased its position in shares of Kinder Morgan by 0.5% during the first quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after buying an additional 400 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on KMI. Wells Fargo & Company boosted their target price 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. TD Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Scotiabank lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Finally, JPMorgan Chase & Co. raised their price objective 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. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. This trade represents a 20.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy W. Chronis acquired 2,759 shares of Kinder Morgan stock in a transaction that occurred on 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 purchase, the director owned 34,764 shares of the company's stock, valued at $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 128,008 shares of company stock worth $3,553,982 in the last three months. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.16 during trading hours on Tuesday, hitting $26.64. The company's stock had a trading volume of 10,958,074 shares, compared to its average volume of 12,377,805. The business has a 50 day simple moving average of $27.28 and a two-hundred day simple moving average of $27.33. Kinder Morgan, Inc. has a 52-week low of $20.56 and a 52-week high of $31.48. 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 company has a market cap of $59.20 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 3.11 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last released 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. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm earned $0.26 EPS. Kinder Morgan'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. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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