First Manhattan CO. LLC. Acquires 579 Shares of Kinder Morgan, Inc. $KMI

First Manhattan CO. LLC. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,629 shares of the pipeline company’s stock after acquiring an additional 579 shares during the quarter. First Manhattan CO. LLC.’s holdings in Kinder Morgan were worth $275,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Morton Capital Management LLC CA raised its holdings in shares of Kinder Morgan by 1.0% during the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock valued at $1,084,000 after buying an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Kinder Morgan by 0.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock valued at $1,396,000 after buying an additional 378 shares in the last quarter. Diligent Investors LLC raised its holdings in shares of Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company’s stock valued at $715,000 after buying an additional 381 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Kinder Morgan by 1.8% during the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock valued at $601,000 after buying an additional 381 shares in the last quarter. Finally, Aspiriant LLC raised its holdings in shares of Kinder Morgan by 1.7% during the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company’s stock valued at $677,000 after buying an additional 396 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

KMI opened at $26.73 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a 52-week low of $20.56 and a 52-week high of $31.48. The stock has a market capitalization of $59.39 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.41 and a beta of 0.81. The stock’s 50 day moving average price is $27.46 and its 200-day moving average price is $27.33.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. 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 year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Insider Buying and Selling

In other news, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the purchase, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,842 shares of company stock valued at $3,387,500 over the last 90 days. 12.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KMI. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. TD Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price target on the stock. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research note on Monday, July 7th. Barclays reaffirmed an “overweight” rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Kinder Morgan 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.