Daiwa Securities Group Inc. Grows Stake in Kinder Morgan, Inc. $KMI

Daiwa Securities Group Inc. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 328,470 shares of the pipeline company’s stock after purchasing an additional 20,810 shares during the period. Daiwa Securities Group Inc.’s holdings in Kinder Morgan were worth $9,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan in the second quarter worth about $26,000. Cranbrook Wealth Management LLC raised its position in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares during the last quarter. Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan in the 2nd quarter worth approximately $34,000. CoreFirst Bank & Trust purchased a new stake in Kinder Morgan during the 2nd quarter worth approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Kinder Morgan during the 2nd quarter valued at approximately $40,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KMI. Scotiabank dropped their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Jefferies Financial Group started coverage on Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 target price for the company. Finally, Stifel Nicolaus increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Kinder Morgan Trading Down 2.7%

Shares of NYSE:KMI opened at $26.60 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The business has a 50 day moving average of $27.01 and a two-hundred day moving average of $27.38. The company has a market capitalization of $59.17 billion, a PE ratio of 21.80, a PEG ratio of 2.40 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business’s revenue was up 12.1% on a year-over-year basis. 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, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the transaction, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the stock in a transaction on Monday, October 27th. The shares were acquired at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the transaction, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This represents a 0.41% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. 12.73% of the stock is owned by company insiders.

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.