Kinder Morgan, Inc. $KMI Stake Boosted by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 9.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 7,058,772 shares of the pipeline company’s stock after acquiring an additional 616,679 shares during the period. Kinder Morgan comprises 1.5% of Westwood Holdings Group Inc.’s holdings, making the stock its 5th largest position. Westwood Holdings Group Inc.’s holdings in Kinder Morgan were worth $207,528,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its position in shares of Kinder Morgan by 14.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after acquiring an additional 357 shares in the last quarter. L.M. Kohn & Company grew its stake in Kinder Morgan by 3.4% in the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 360 shares during the period. Alhambra Investment Management LLC grew its stake in Kinder Morgan by 2.3% in the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after purchasing an additional 363 shares during the period. Relyea Zuckerberg Hanson LLC lifted its position in Kinder Morgan by 4.2% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after buying an additional 374 shares during the period. Finally, QTR Family Wealth LLC boosted its holdings in shares of Kinder Morgan by 2.7% during the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after buying an additional 377 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

KMI has been the subject of a number of recent research reports. Scotiabank lowered their price target on shares of 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Mizuho dropped their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Royal Bank Of Canada raised their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Finally, Jefferies Financial Group assumed coverage on Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.72 on Friday. The firm has a market cap of $59.45 billion, a P/E ratio of 21.90, a PEG ratio of 2.35 and a beta of 0.67. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The company has a 50 day moving average of $26.95 and a 200 day moving average of $27.37.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 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 business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan’s payout ratio is 95.90%.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis acquired 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the acquisition, the director directly owned 39,051 shares of the company’s stock, valued at $1,024,307.73. The trade was a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. Company insiders own 12.73% of the company’s stock.

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.