Woodward Diversified Capital LLC Grows Stock Holdings in Kinder Morgan, Inc. $KMI

Woodward Diversified Capital LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 41.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,651 shares of the pipeline company’s stock after acquiring an additional 10,429 shares during the period. Woodward Diversified Capital LLC’s holdings in Kinder Morgan were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC lifted its position in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after buying an additional 788 shares in the last quarter. JNBA Financial Advisors raised its position in Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares during the period. Cranbrook Wealth Management LLC raised its holdings in shares of Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after buying an additional 562 shares during the period. Grove Bank & Trust increased its stake in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.1%

Shares of NYSE:KMI opened at $28.28 on Thursday. Kinder Morgan, Inc. has a 1 year low of $22.60 and a 1 year high of $31.48. The firm has a market capitalization of $62.85 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The business’s 50 day moving average price is $27.23 and its 200-day moving average price is $27.46.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. BMO Capital Markets assumed coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price on the stock. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Morgan Stanley upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday. 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 report on Friday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.25.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the transaction, the vice president owned 225,868 shares in the company, valued at $6,098,436. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis acquired 2,759 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the acquisition, the director directly owned 34,764 shares in the company, valued at $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is owned by corporate insiders.

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.