Assetmark Inc. Has $1.39 Million Position in Kinder Morgan, Inc. $KMI

Assetmark Inc. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 446.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,146 shares of the pipeline company’s stock after buying an additional 38,512 shares during the quarter. Assetmark Inc.’s holdings in Kinder Morgan were worth $1,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. Cranbrook Wealth Management LLC lifted its stake in shares of Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 562 shares during the period. Wolff Wiese Magana LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $34,000. Clearstead Trust LLC acquired a new position in shares of Kinder Morgan in the 1st quarter worth approximately $40,000. N.E.W. Advisory Services LLC acquired a new position in shares of Kinder Morgan in the 1st quarter worth approximately $46,000. Finally, Manchester Capital Management LLC lifted its holdings in Kinder Morgan by 170.5% in the first quarter. Manchester Capital Management LLC now owns 1,699 shares of the pipeline company’s stock valued at $48,000 after buying an additional 1,071 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMI has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price on the stock. Scotiabank dropped their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Stifel Nicolaus boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. Finally, Morgan Stanley set a $30.00 price target on Kinder Morgan in a research note on Thursday, October 9th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Insider Buying and Selling

In related news, Chairman Richard D. Kinder purchased 1,000,000 shares of Kinder Morgan stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 1,004,287 shares of company stock valued at $26,072,463 and have sold 42,459 shares valued at $1,155,114. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE KMI opened at $25.93 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. The company has a 50-day simple moving average of $27.19 and a 200 day simple moving average of $27.41. 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 $57.69 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77.

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, hitting the consensus estimate of $0.29. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s payout ratio is currently 95.90%.

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.