Penn Davis Mcfarland Inc. Has $51.30 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Penn Davis Mcfarland Inc. has reduced its stake in Kinder Morgan, Inc. by 1.7% during Q2, now holding 1,744,742 shares valued at approximately $51.3 million.
• Wall Street analysts have a generally positive outlook on Kinder Morgan, with ten analysts rating it as a Buy and a consensus target price of $31.06.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, yielding 4.2%, with a high dividend payout ratio of 95.90%.

Penn Davis Mcfarland Inc. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,744,742 shares of the pipeline company's stock after selling 30,336 shares during the quarter. Kinder Morgan comprises approximately 5.8% of Penn Davis Mcfarland Inc.'s investment portfolio, making the stock its 3rd largest position. Penn Davis Mcfarland Inc. owned approximately 0.08% of Kinder Morgan worth $51,295,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC boosted its holdings 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 worth $25,000 after buying an additional 788 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $29,000. JNBA Financial Advisors raised its holdings in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after purchasing an additional 870 shares during the period. Cranbrook Wealth Management LLC raised its holdings in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock worth $31,000 after purchasing an additional 562 shares during the period. Finally, Grove Bank & Trust raised its holdings in shares of Kinder Morgan by 2,913.5% in the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock worth $32,000 after purchasing an additional 1,078 shares during the period. Institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. TD Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Morgan Stanley set a $32.00 price target on shares of Kinder Morgan in a research report on Thursday, September 18th. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. Cowen began coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Finally, BMO Capital Markets assumed coverage on Kinder Morgan in a research report on Friday, September 19th. They issued an "outperform" rating and a $32.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.06.

Insiders Place Their Bets

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president owned 292,000 shares of the company's stock, valued at $7,898,600. The trade was a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 225,868 shares in the company, valued at approximately $6,098,436. The trade was a 2.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,008 shares of company stock worth $3,553,982. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $27.82 on Thursday. The stock has a market cap of $61.82 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 3.22 and a beta of 0.81. The firm's 50-day moving average is $27.13 and its 200 day moving average is $27.40. Kinder Morgan, Inc. has a 1 year low of $21.61 and a 1 year 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.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio is presently 95.90%.

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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