Inspire Investing LLC Has $8.88 Million Position in Kinder Morgan, Inc. $KMI

Inspire Investing LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 46.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 301,908 shares of the pipeline company’s stock after purchasing an additional 95,978 shares during the quarter. Kinder Morgan comprises about 1.0% of Inspire Investing LLC’s investment portfolio, making the stock its 15th largest position. Inspire Investing LLC’s holdings in Kinder Morgan were worth $8,876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMI. Alhambra Investment Management LLC raised its position in shares of Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after acquiring an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its position in shares of Kinder Morgan by 4.2% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 374 shares during the last quarter. Morton Capital Management LLC CA raised its position in shares of Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after acquiring an additional 377 shares during the last quarter. QTR Family Wealth LLC raised its position in shares of Kinder Morgan by 2.7% during the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock worth $423,000 after acquiring an additional 377 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in shares of Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock worth $1,396,000 after acquiring an additional 378 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.5%

NYSE:KMI opened at $27.12 on Friday. Kinder Morgan, Inc. has a 1 year low of $23.86 and a 1 year high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The stock has a market cap of $60.25 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.24 and a beta of 0.78. The stock has a 50-day moving average price of $27.26 and a two-hundred day moving average price of $27.45.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the firm earned $0.26 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KMI shares. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 target price for the company. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Barclays reiterated an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Morgan Stanley set a $30.00 price objective on Kinder Morgan in a report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.88.

Insider Activity at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis acquired 2,759 shares of Kinder Morgan stock in a transaction dated Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares of the company’s stock, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 over the last ninety days. Company insiders own 12.73% of the company’s stock.

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.