Kinder Morgan, Inc. $KMI Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 12.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 21,798 shares of the pipeline company’s stock after selling 3,017 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Kinder Morgan were worth $641,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Alhambra Investment Management LLC lifted its position in Kinder Morgan by 2.3% in the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock valued at $468,000 after buying an additional 363 shares during the last quarter. Morton Capital Management LLC CA lifted its position in Kinder Morgan by 1.0% in the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock valued at $1,084,000 after buying an additional 377 shares during the last quarter. QTR Family Wealth LLC increased its stake in Kinder Morgan by 2.7% during the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock worth $423,000 after purchasing an additional 377 shares during the period. Frank Rimerman Advisors LLC increased its stake in Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock worth $1,396,000 after purchasing an additional 378 shares during the period. Finally, Signaturefd LLC increased its stake in Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock worth $601,000 after purchasing an additional 381 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.0%

Shares of NYSE:KMI 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 stock has a market cap of $63.32 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78. Kinder Morgan, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $31.48. 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 (NYSE:KMI) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for 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%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KMI. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. Morgan Stanley boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. Finally, Scotiabank cut their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Eleven 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 a consensus target price of $31.25.

Insider Buying and Selling

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the 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 completion of the transaction, the vice president owned 225,868 shares in the company, valued at $6,098,436. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock valued at $3,553,982 over the last three months. 12.73% of the stock is currently 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.