NorthCrest Asset Manangement LLC Acquires 616,977 Shares of Kinder Morgan, Inc. $KMI

NorthCrest Asset Manangement LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 249.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,286 shares of the pipeline company’s stock after acquiring an additional 616,977 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Kinder Morgan were worth $24,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of KMI. Brighton Jones LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $308,000. Diversified Trust Co increased its stake in Kinder Morgan by 166.7% during the 2nd quarter. Diversified Trust Co now owns 56,003 shares of the pipeline company’s stock valued at $1,647,000 after purchasing an additional 35,004 shares in the last quarter. Silver Oak Securities Incorporated raised its holdings in Kinder Morgan by 6.7% in the second quarter. Silver Oak Securities Incorporated now owns 16,358 shares of the pipeline company’s stock worth $481,000 after buying an additional 1,032 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Kinder Morgan by 4.3% in the second quarter. Farther Finance Advisors LLC now owns 59,796 shares of the pipeline company’s stock worth $1,758,000 after buying an additional 2,443 shares in the last quarter. Finally, TTP Investments Inc. grew its holdings in shares of Kinder Morgan by 2.5% during the second quarter. TTP Investments Inc. now owns 81,026 shares of the pipeline company’s stock valued at $2,382,000 after buying an additional 1,965 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.9%

Shares of NYSE:KMI opened at $27.93 on Monday. The stock’s 50-day simple moving average is $27.10 and its two-hundred day simple moving average is $27.20. The stock has a market capitalization of $62.14 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 2.31 and a beta of 0.69. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate 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 net margin of 16.61% and a return on equity of 8.57%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business 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 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis acquired 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. 12.73% of the stock is owned by company insiders.

More Kinder Morgan News

Here are the key news stories impacting Kinder Morgan this week:

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Scotiabank restated a “sector perform” rating and issued a $29.00 price objective on shares of Kinder Morgan in a report on Friday. Jefferies Financial Group lowered their price target on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, December 23rd. UBS Group reaffirmed a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Mizuho lowered their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Finally, Stifel Nicolaus raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Get Our Latest Report on Kinder Morgan

Kinder Morgan Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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