Adams Asset Advisors LLC Sells 944 Shares of Kinder Morgan, Inc. $KMI

Adams Asset Advisors LLC decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,684 shares of the pipeline company’s stock after selling 944 shares during the period. Adams Asset Advisors LLC’s holdings in Kinder Morgan were worth $4,019,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KMI. Nuveen LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $205,966,000. 59 North Capital Management LP bought a new stake in shares of Kinder Morgan during the first quarter worth $195,658,000. Goldman Sachs Group Inc. increased its position 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 acquiring an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Kinder Morgan by 212.5% during the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company’s stock worth $156,009,000 after acquiring an additional 3,718,521 shares in the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of Kinder Morgan during the fourth quarter worth $62,499,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were 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 owned 159,428 shares in the company, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dax Sanders sold 30,127 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction 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 represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,008 shares of company stock worth $3,553,982 in the last quarter. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.58 on Monday. The firm has a 50-day moving average of $27.22 and a 200-day moving average of $27.37. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock has a market cap of $61.28 billion, a PE ratio of 22.61, a P/E/G ratio of 3.24 and a beta of 0.81. Kinder Morgan, Inc. has a 52-week low of $20.97 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) 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 net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KMI shares. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Friday, July 25th. Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating for the company. TD Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 target price for the company. Finally, Barclays reaffirmed an “overweight” rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $31.20.

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.