Sanders Morris Harris LLC Raises Stock Holdings in Kinder Morgan, Inc. $KMI

Sanders Morris Harris LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 393.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,822 shares of the pipeline company’s stock after purchasing an additional 33,343 shares during the quarter. Sanders Morris Harris LLC’s holdings in Kinder Morgan were worth $1,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. LFA Lugano Financial Advisors SA bought a new stake in shares of Kinder Morgan in the second quarter worth $26,000. Cranbrook Wealth Management LLC grew its holdings in Kinder Morgan by 116.1% during the 2nd 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 in the last quarter. Wolff Wiese Magana LLC acquired a new position in Kinder Morgan during the 2nd quarter worth $34,000. CoreFirst Bank & Trust bought a new stake in shares of Kinder Morgan in the 2nd quarter worth about $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $40,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group began coverage on Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target for the company. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Scotiabank reduced 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. Finally, BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $31.33.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director owned 39,051 shares in the company, valued at $1,024,307.73. This trade represents a 10.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman directly owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $511,655. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Down 1.4%

Shares of NYSE KMI opened at $26.34 on Wednesday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a market cap of $58.59 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. The stock’s 50 day simple moving average is $26.89 and its 200 day simple moving average is $27.34.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $4.15 billion for 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 period last year, the company earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

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.