Uncommon Cents Investing LLC Grows Stock Holdings in Kinder Morgan, Inc. $KMI

Uncommon Cents Investing LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 6.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 58,505 shares of the pipeline company’s stock after buying an additional 3,490 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Kinder Morgan were worth $1,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $308,000. Centaurus Financial Inc. lifted its position in shares of Kinder Morgan by 13.2% in the 4th quarter. Centaurus Financial Inc. now owns 13,527 shares of the pipeline company’s stock worth $371,000 after buying an additional 1,580 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Kinder Morgan by 10.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 8,381 shares of the pipeline company’s stock worth $239,000 after buying an additional 816 shares during the last quarter. Versant Capital Management Inc lifted its position in Kinder Morgan by 36.1% in the 1st quarter. Versant Capital Management Inc now owns 8,863 shares of the pipeline company’s stock valued at $253,000 after purchasing an additional 2,352 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its position in Kinder Morgan by 10.0% in the 1st quarter. Moody National Bank Trust Division now owns 15,885 shares of the pipeline company’s stock valued at $453,000 after purchasing an additional 1,449 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating on the stock. Scotiabank decreased their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Morgan Stanley set a $32.00 target price on shares of Kinder Morgan in a report on Thursday, September 18th. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Finally, Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.06.

Insider Buying and Selling

In related news, Director Amy W. Chronis acquired 2,759 shares of the business’s 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 $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the sale, the vice president owned 225,868 shares of the company’s stock, valued at approximately $6,098,436. This represents a 2.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock valued at $3,553,982 in the last ninety days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $28.21 on Friday. The business has a 50 day simple moving average of $27.15 and a 200 day simple moving average of $27.43. Kinder Morgan, Inc. has a 52-week low of $21.61 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock has a market cap of $62.68 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.31 and a beta of 0.81.

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 during the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.1%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Kinder Morgan Company 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.