Kinder Morgan, Inc. $KMI Shares Purchased by Savant Capital LLC

Savant Capital LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 23.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 141,531 shares of the pipeline company’s stock after buying an additional 27,078 shares during the period. Savant Capital LLC’s holdings in Kinder Morgan were worth $4,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KMI. Vanguard Group Inc. grew its holdings in Kinder Morgan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after buying an additional 1,302,794 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after acquiring an additional 5,529,065 shares during the period. Deutsche Bank AG grew its stake in shares of Kinder Morgan by 2.0% in the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after purchasing an additional 290,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kinder Morgan by 19.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock worth $380,145,000 after purchasing an additional 2,144,307 shares in the last quarter. Finally, Amundi increased its holdings in shares of Kinder Morgan by 8.0% during the first quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock valued at $353,785,000 after purchasing an additional 943,023 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Richard D. Kinder bought 1,000,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the transaction, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy W. Chronis purchased 3,800 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were purchased at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the acquisition, the director directly owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 1,004,287 shares of company stock worth $26,072,463 over the last ninety days. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

KMI opened at $26.55 on Monday. The firm has a market cap of $59.07 billion, a PE ratio of 21.76, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $27.16 and a 200-day simple moving average of $27.42. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analyst Ratings Changes

KMI has been the subject of several research analyst reports. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Stifel Nicolaus raised their price objective 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, Scotiabank cut their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

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.