Ameritas Advisory Services LLC Sells 5,989 Shares of Kinder Morgan, Inc. $KMI

Ameritas Advisory Services LLC decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 17.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 28,785 shares of the pipeline company’s stock after selling 5,989 shares during the period. Ameritas Advisory Services LLC’s holdings in Kinder Morgan were worth $846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC lifted its holdings 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 buying an additional 788 shares in the last quarter. JNBA Financial Advisors lifted its holdings 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 buying an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC lifted its holdings in Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after buying an additional 562 shares in the last quarter. Grove Bank & Trust lifted its holdings in Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,078 shares in the last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in Kinder Morgan during the 2nd quarter valued at about $34,000. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KMI shares. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Friday, July 25th. TD Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target for the company. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Morgan Stanley boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.25.

Kinder Morgan Stock Up 1.0%

Shares of Kinder Morgan stock opened at $28.50 on Monday. The firm’s 50 day moving average price is $27.27 and its 200-day moving average price is $27.46. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 52-week low of $23.06 and a 52-week high of $31.48. The company has a market cap of $63.32 billion, a P/E ratio of 23.36, a PEG ratio of 3.35 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s payout ratio is currently 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president owned 225,868 shares of the company’s stock, valued at approximately $6,098,436. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sital K. Mody sold 45,549 shares of the business’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 transaction of $1,273,550.04. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock worth $3,553,982 in the last 90 days. 12.73% of the stock is owned by insiders.

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.