Kinder Morgan, Inc. $KMI Stake Lessened by Private Wealth Partners LLC

Private Wealth Partners LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,894 shares of the pipeline company’s stock after selling 12,495 shares during the period. Private Wealth Partners LLC’s holdings in Kinder Morgan were worth $8,405,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Alhambra Investment Management LLC increased its stake in Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock valued at $468,000 after purchasing an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in Kinder Morgan by 4.2% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 374 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 valued at $423,000 after purchasing an additional 377 shares during the last quarter. 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 valued at $1,396,000 after purchasing an additional 378 shares during the last quarter. 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 valued at $601,000 after purchasing an additional 381 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on KMI shares. Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating for the company. TD Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Scotiabank reduced their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Finally, Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.16 on Tuesday. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $58.13 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.99 and a beta of 0.78. The firm has a 50-day moving average of $27.28 and a two-hundred day moving average of $27.45.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the company earned $0.25 EPS. Kinder Morgan’s revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be issued a $0.2925 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.5%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Insiders Place Their Bets

In related news, 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 value of $1,273,550.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president directly owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock worth $3,727,678 over the last quarter. Company insiders own 12.73% of the company’s stock.

Kinder Morgan 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.