19,273 Shares of Kinder Morgan, Inc. $KMI Acquired by Sacks & Associates LLC

Sacks & Associates LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 19,273 shares of the pipeline company’s stock, valued at approximately $581,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Evolution Wealth Management Inc. raised its stake in shares of Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 750 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after buying an additional 328 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in Kinder Morgan during the first quarter worth $28,000. Bell Investment Advisors Inc grew its holdings in Kinder Morgan by 112.1% during the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock worth $30,000 after buying an additional 500 shares in the last quarter. Finally, First Pacific Financial raised its position in Kinder Morgan by 9,900.0% in the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after buying an additional 990 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of analyst reports. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Stifel Nicolaus started coverage on shares of Kinder Morgan in a report on Wednesday, September 9th. They set a “hold” rating and a $35.00 price target on the stock. Morgan Stanley set a $33.00 target price on Kinder Morgan in a research note on Thursday, September 17th. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Finally, Melius Research started coverage on Kinder Morgan in a report on Tuesday, September 22nd. They set a “buy” rating and a $38.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.47.

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the completion of the sale, the vice president owned 48,863 shares in the company, valued at approximately $1,504,980.40. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Trading Up 0.7%

NYSE:KMI opened at $32.48 on Friday. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The stock’s fifty day moving average price is $31.48 and its two-hundred day moving average price is $32.05. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The company has a market cap of $72.32 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.27 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a $0.2975 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.