Wesbanco Bank Inc. Has $4.68 Million Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Wesbanco Bank Inc. increased its stake in Kinder Morgan, raising its holdings by 26.1% during the 2nd quarter, amounting to approximately $4.68 million worth of shares.
• Multiple institutional investors boosted their positions in Kinder Morgan, with 62.52% of the company's stock now owned by institutional investors and hedge funds.
• Analysts have a consensus rating of "Moderate Buy" for Kinder Morgan, with a price target averaging $31.20, signaling positive sentiment towards the company's future performance.

Wesbanco Bank Inc. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 26.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,309 shares of the pipeline company's stock after purchasing an additional 32,940 shares during the period. Wesbanco Bank Inc.'s holdings in Kinder Morgan were worth $4,684,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. increased its holdings in shares of Kinder Morgan by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after buying an additional 794,388 shares in the last quarter. Burney Co. increased its holdings in shares of Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after buying an additional 252,736 shares in the last quarter. Aberdeen Group plc increased its holdings in shares of Kinder Morgan by 35.2% during the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock worth $66,581,000 after buying an additional 609,748 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Kinder Morgan by 402.5% during the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock worth $1,124,000 after buying an additional 31,553 shares in the last quarter. Finally, Siemens Fonds Invest GmbH increased its holdings in shares of Kinder Morgan by 127.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 27,978 shares of the pipeline company's stock worth $767,000 after buying an additional 15,662 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KMI shares. TD Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research note on Monday, July 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.58 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $61.28 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 3.24 and a beta of 0.81. The firm's fifty day simple moving average is $27.22 and its two-hundred day simple moving average is $27.37. Kinder Morgan, Inc. has a 12 month low of $20.97 and a 12 month high of $31.48.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio is 95.90%.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,759 shares of the business's stock in a transaction dated Monday, July 28th. The shares were bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director directly owned 34,764 shares of the company's stock, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the transaction, the executive vice president directly owned 292,000 shares in the company, valued at $7,898,600. This trade represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by insiders.

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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