Trinity Legacy Partners LLC Sells 12,845 Shares of Kinder Morgan, Inc. $KMI

Trinity Legacy Partners LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 38.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,321 shares of the pipeline company’s stock after selling 12,845 shares during the quarter. Trinity Legacy Partners LLC’s holdings in Kinder Morgan were worth $559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Kinder Morgan by 0.6% during the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after buying an additional 1,302,794 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Kinder Morgan by 8.3% during the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company’s stock worth $573,834,000 after buying an additional 1,608,499 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after buying an additional 5,529,065 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after buying an additional 290,653 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its holdings in shares of Kinder Morgan by 5.4% during the first quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company’s stock worth $307,741,000 after buying an additional 553,395 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the acquisition, the director directly owned 34,764 shares of the company’s stock, valued at $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 139,842 shares of company stock valued at $3,896,180. Corporate insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KMI shares. Morgan Stanley set a $34.00 target price on Kinder Morgan in a report on Monday, July 7th. Stifel Nicolaus boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Royal Bank Of Canada boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 29th. TD Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price target for the company. Finally, Scotiabank boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 18th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Kinder Morgan Stock Performance

NYSE:KMI opened at $26.6680 on Friday. The stock has a market cap of $59.26 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 3.39 and a beta of 0.78. 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’s 50-day moving average is $27.64 and its 200-day moving average is $27.33. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48.

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 the consensus estimate of $0.28. The company had revenue of $4.04 billion for 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%.The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

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.