Kinder Morgan, Inc. $KMI Stake Increased by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 243.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 322,749 shares of the pipeline company’s stock after buying an additional 228,769 shares during the period. SG Americas Securities LLC’s holdings in Kinder Morgan were worth $9,137,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the 2nd quarter valued at about $26,000. Cranbrook Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 116.1% during the second 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. Wolff Wiese Magana LLC acquired a new stake in shares of Kinder Morgan during the second quarter worth approximately $34,000. CoreFirst Bank & Trust purchased a new position in Kinder Morgan during the second quarter valued at approximately $35,000. Finally, Private Wealth Management Group LLC increased its stake in Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.14 on Friday. The stock has a market capitalization of $60.37 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.25 and a beta of 0.69. The business has a 50-day moving average of $26.97 and a two-hundred day moving average of $27.26. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued 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. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the business earned $0.25 EPS. The firm’s 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. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group restated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Stifel Nicolaus lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley set a $29.00 price objective on Kinder Morgan in a report on Tuesday, December 23rd. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

Insider Buying and Selling

In other news, Director Amy W. Chronis bought 3,800 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This represents a 10.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the acquisition, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $507,462. 12.73% of the stock is owned by insiders.

Kinder Morgan Company 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.