Randolph Co Inc Acquires 463,412 Shares of Kinder Morgan, Inc. $KMI

Randolph Co Inc grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 69.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,133,167 shares of the pipeline company’s stock after purchasing an additional 463,412 shares during the quarter. Kinder Morgan comprises approximately 3.1% of Randolph Co Inc’s holdings, making the stock its 14th largest holding. Randolph Co Inc’s holdings in Kinder Morgan were worth $32,080,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Davis Capital Management bought a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $1,426,000. Vise Technologies Inc. acquired a new position in Kinder Morgan during the second quarter worth $1,713,000. Westwood Holdings Group Inc. increased its holdings in Kinder Morgan by 9.6% during the second quarter. Westwood Holdings Group Inc. now owns 7,058,772 shares of the pipeline company’s stock worth $207,528,000 after buying an additional 616,679 shares during the last quarter. Nordea Investment Management AB raised its position in Kinder Morgan by 9.9% during the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after acquiring an additional 13,150 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Kinder Morgan by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 3,928,534 shares of the pipeline company’s stock valued at $115,499,000 after acquiring an additional 14,327 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KMI shares. Scotiabank cut 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 research note on Friday, September 19th. Morgan Stanley set a $29.00 price objective on Kinder Morgan in a research report on Tuesday, December 23rd. UBS Group reissued a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Finally, Mizuho decreased their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.20.

Kinder Morgan Trading Down 0.8%

KMI stock opened at $26.91 on Tuesday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The company has a market capitalization of $59.88 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.69. The company’s 50-day simple moving average is $26.99 and its 200 day simple moving average is $27.23. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the firm earned $0.25 EPS. The company’s quarterly revenue 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, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued 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 dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio is 95.90%.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the sale, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was purchased at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the purchase, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. 12.73% of the stock is currently owned by corporate insiders.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.