Kinder Morgan, Inc. $KMI Stock: Mather Group LLC. Grows Stake

Mather Group LLC. raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 83.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,326 shares of the pipeline company’s stock after buying an additional 105,824 shares during the quarter. Mather Group LLC.’s holdings in Kinder Morgan were worth $7,035,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in Kinder Morgan by 97.0% during the third quarter. Fortitude Family Office LLC now owns 3,075 shares of the pipeline company’s stock worth $93,000 after acquiring an additional 1,514 shares during the period. Columbus Macro LLC raised its stake in Kinder Morgan by 1.8% in the 3rd quarter. Columbus Macro LLC now owns 536,819 shares of the pipeline company’s stock worth $16,185,000 after purchasing an additional 9,437 shares in the last quarter. Virginia Wealth Management Group Inc. raised its stake in Kinder Morgan by 0.6% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 213,983 shares of the pipeline company’s stock worth $6,452,000 after purchasing an additional 1,283 shares in the last quarter. Sanders Morris Harris LLC boosted its holdings in Kinder Morgan by 529.4% in the 3rd quarter. Sanders Morris Harris LLC now owns 41,722 shares of the pipeline company’s stock valued at $1,262,000 after purchasing an additional 35,093 shares during the period. Finally, Focus Financial Network Inc. boosted its holdings in Kinder Morgan by 3.6% in the 3rd quarter. Focus Financial Network Inc. now owns 13,944 shares of the pipeline company’s stock valued at $420,000 after purchasing an additional 483 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the transaction, the vice president directly owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by insiders.

Kinder Morgan Stock Performance

KMI opened at $32.86 on Friday. The firm has a market cap of $73.16 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.59. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The business’s fifty day moving average is $31.63 and its 200-day moving average is $32.02.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. Kinder Morgan’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Capital One Financial assumed coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They set an “equal weight” rating and a $36.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of Kinder Morgan from $35.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, September 17th. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Citigroup reiterated a “neutral” rating and issued a $34.00 price target (up from $33.00) on shares of Kinder Morgan in a research note on Wednesday, July 29th. Finally, Melius Research initiated coverage on Kinder Morgan in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.47.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.