Traphagen Investment Advisors LLC Has $262,000 Stock Position in Kinder Morgan, Inc. $KMI

Traphagen Investment Advisors LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,899 shares of the pipeline company’s stock after purchasing an additional 400 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Kinder Morgan were worth $262,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. REAP Financial Group LLC increased its position in shares of Kinder Morgan by 59.4% during the 2nd quarter. REAP Financial Group LLC now owns 3,324 shares of the pipeline company’s stock worth $98,000 after purchasing an additional 1,239 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in shares of Kinder Morgan by 2.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 820,784 shares of the pipeline company’s stock worth $24,131,000 after purchasing an additional 19,200 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $265,000. Foresight Capital Management Advisors Inc. increased its position in shares of Kinder Morgan by 1.1% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 136,704 shares of the pipeline company’s stock worth $4,019,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Drake & Associates LLC increased its position in shares of Kinder Morgan by 8.4% during the 2nd quarter. Drake & Associates LLC now owns 18,315 shares of the pipeline company’s stock worth $538,000 after purchasing an additional 1,424 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $28.01 on Wednesday. The business has a fifty day simple moving average of $27.28 and a 200 day simple moving average of $27.46. The company has a market capitalization of $62.23 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 3.28 and a beta of 0.78. Kinder Morgan, Inc. has a 1 year low of $23.06 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis purchased 2,759 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following 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 position. The disclosure for this purchase can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 in the last ninety days. Insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KMI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Saturday, September 27th. Morgan Stanley boosted their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Barclays reissued an “overweight” rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Scotiabank decreased their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $31.25.

About Kinder Morgan

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.