SVB Wealth LLC Increases Stock Holdings in Kinder Morgan, Inc. $KMI

SVB Wealth LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 65.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 248,034 shares of the pipeline company’s stock after purchasing an additional 98,456 shares during the period. SVB Wealth LLC’s holdings in Kinder Morgan were worth $7,076,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC grew its stake in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the 4th quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $29,000. Finally, JNBA Financial Advisors grew its stake in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 139,842 shares of company stock worth $3,896,180 in the last quarter. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $26.6680 on Friday. The stock has a market capitalization of $59.26 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 3.39 and a beta of 0.78. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $27.64 and a 200 day moving average of $27.33.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s payout ratio is 95.90%.

Analyst Upgrades and Downgrades

KMI has been the subject of several analyst reports. Barclays reissued an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating for the company. Finally, Scotiabank boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 18th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Company 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.