Rep. Marjorie Taylor Greene Purchases Shares of Kinder Morgan, Inc. (NYSE:KMI)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Kinder Morgan, Inc. (NYSE:KMI). In a filing disclosed on January 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Kinder Morgan stock on January 21st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Old Dominion Freight Line (NASDAQ:ODFL) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/21/2025.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.48 on Wednesday. The firm has a market cap of $61.04 billion, a PE ratio of 23.48, a PEG ratio of 4.13 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The company has a fifty day moving average price of $28.02 and a 200 day moving average price of $24.55.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. Research analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s payout ratio is presently 98.29%.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,121 shares of company stock valued at $1,497,000. Corporate insiders own 12.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter valued at approximately $29,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan during the third quarter worth approximately $28,000. Finally, Planning Capital Management Corp lifted its stake in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMI. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $29.23.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.