Mattson Financial Services LLC Takes Position in Kinder Morgan, Inc. $KMI

Mattson Financial Services LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 35,431 shares of the pipeline company’s stock, valued at approximately $1,003,000.

A number of other large investors also recently modified their holdings of KMI. Norges Bank bought a new position in Kinder Morgan in the 2nd quarter worth about $1,162,802,000. 59 North Capital Management LP purchased a new position in Kinder Morgan during the first quarter valued at $195,658,000. Merewether Investment Management LP bought a new stake in Kinder Morgan in the second quarter worth $138,477,000. Marshall Wace LLP grew its stake in shares of Kinder Morgan by 364.8% in the second quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock worth $122,461,000 after acquiring an additional 3,269,284 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after acquiring an additional 3,070,609 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.20 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. The stock has a 50-day simple moving average of $26.80 and a two-hundred day simple moving average of $27.28. The firm has a market capitalization of $60.52 billion, a PE ratio of 22.30, a P/E/G ratio of 2.38 and a beta of 0.67. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed 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 dividend payout ratio is 95.90%.

Insider Activity

In other Kinder Morgan news, Chairman Richard D. Kinder acquired 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman directly owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The purchase 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 the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $27.81, for a total value of $171,476.46. Following the completion of the transaction, the vice president directly owned 207,370 shares of the company’s stock, valued at approximately $5,766,959.70. This trade represents a 2.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, December 23rd. Scotiabank reduced their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Royal Bank Of Canada raised their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. UBS Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Finally, Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.20.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.