Stamos Capital Partners L.P. Purchases 22,821 Shares of Kinder Morgan, Inc. $KMI

Stamos Capital Partners L.P. raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 33.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 91,258 shares of the pipeline company’s stock after purchasing an additional 22,821 shares during the period. Stamos Capital Partners L.P.’s holdings in Kinder Morgan were worth $2,683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aberdeen Group plc raised 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 purchasing an additional 609,748 shares during the last quarter. Vise Technologies Inc. purchased a new stake in shares of Kinder Morgan in the second quarter worth about $1,713,000. Nordea Investment Management AB grew its holdings in Kinder Morgan by 9.9% during the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after acquiring an additional 13,150 shares during the period. Rhumbline Advisers lifted its holdings in Kinder Morgan by 0.4% in the second quarter. Rhumbline Advisers now owns 3,928,534 shares of the pipeline company’s stock valued at $115,499,000 after acquiring an additional 14,327 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its position in Kinder Morgan by 43.8% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 2,476,564 shares of the pipeline company’s stock worth $72,811,000 after purchasing an additional 754,689 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $27.81, for a total value of $171,476.46. Following the completion of the sale, the vice president directly owned 207,370 shares in the company, valued at $5,766,959.70. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy W. Chronis bought 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares in the company, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. 12.73% of the stock is owned by company insiders.

Analyst Ratings Changes

KMI has been the subject of several analyst reports. BMO Capital Markets started coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company. Mizuho cut their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research note on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group began coverage on Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target for the company. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Kinder Morgan Stock Up 0.1%

KMI stock opened at $27.33 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a 50-day simple moving average of $27.04 and a 200-day simple moving average of $27.39. The stock has a market capitalization of $60.79 billion, a P/E ratio of 22.40, a P/E/G ratio of 2.40 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the company posted $0.25 EPS. Kinder Morgan’s quarterly revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s payout ratio 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.