RPG Investment Advisory LLC Takes Position in Kinder Morgan, Inc. $KMI

Key Points

• RPG Investment Advisory LLC has acquired a $374,000 stake in Kinder Morgan, purchasing 13,100 shares during the 1st quarter.
• Recent analyst reports indicate a consensus rating of "Moderate Buy" for Kinder Morgan, with an average price target of $31.20.
• Kinder Morgan's most recent earnings showed a revenue increase of 13.2% year-over-year, with $4.04 billion reported against an expected $3.75 billion.

RPG Investment Advisory LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,100 shares of the pipeline company's stock, valued at approximately $374,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC raised its position in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 788 shares during the period. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan during the 4th quarter valued at $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan in the 4th quarter valued at $27,000. JNBA Financial Advisors increased its stake in Kinder Morgan by 669.2% in the first 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. Finally, Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $29,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares in the company, valued at $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 139,842 shares of company stock worth $3,896,180. Insiders own 12.73% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KMI. Wells Fargo & Company increased their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Royal Bank Of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. Finally, Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research note on Monday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Trading Down 0.6%

KMI traded down $0.1520 during trading on Friday, hitting $26.6680. 13,028,814 shares of the stock were exchanged, compared to its average volume of 15,957,200. The firm has a 50 day simple moving average of $27.64 and a 200 day simple moving average of $27.33. The firm has a market cap of $59.26 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 3.38 and a beta of 0.78. Kinder Morgan, Inc. has a 1 year low of $20.56 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68.

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. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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