Cynosure Group LLC Purchases Shares of 19,881 Kinder Morgan, Inc. $KMI

Cynosure Group LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, Holdings Channel.com reports. The firm acquired 19,881 shares of the pipeline company’s stock, valued at approximately $636,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $1,132,125,000. AQR Capital Management LLC raised its position in Kinder Morgan by 431.9% in the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Merewether Investment Management LP purchased a new stake in Kinder Morgan during the second quarter valued at about $138,477,000. Zimmer Partners LP increased its holdings in shares of Kinder Morgan by 177.8% in the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after buying an additional 3,885,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $85,364,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the sale, the vice president owned 170,374 shares in the company, valued at $5,423,004.42. The trade was a 3.49% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,432 shares of company stock valued at $493,849 in the last three months. Insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on KMI. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Morgan Stanley set a $38.00 price objective on shares of Kinder Morgan in a research report on Wednesday, July 29th. UBS Group reiterated a “buy” rating and set a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Hold” and a consensus price target of $35.50.

Kinder Morgan Trading Up 2.3%

NYSE:KMI opened at $32.83 on Friday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The company’s 50-day simple moving average is $31.99 and its 200 day simple moving average is $32.24. The firm has a market capitalization of $73.09 billion, a P/E ratio of 21.04, a PEG ratio of 2.64 and a beta of 0.54. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a $0.2975 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.6%. Kinder Morgan’s payout ratio is presently 76.28%.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.