Quaero Capital S.A. Sells 18,337 Shares of Kinder Morgan, Inc. $KMI

Quaero Capital S.A. reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 50.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,846 shares of the pipeline company’s stock after selling 18,337 shares during the quarter. Quaero Capital S.A.’s holdings in Kinder Morgan were worth $525,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Cranbrook Wealth Management LLC increased its position in shares of 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 purchasing an additional 562 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in Kinder Morgan during the second quarter valued at $34,000. Clearstead Trust LLC bought a new position in Kinder Morgan during the first quarter valued at $40,000. N.E.W. Advisory Services LLC bought a new position in Kinder Morgan during the first quarter valued at $46,000. Finally, Graney & King LLC grew its holdings in Kinder Morgan by 103.7% during the 1st quarter. Graney & King LLC now owns 1,670 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 850 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the stock in a transaction on 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 trade represents a 9.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction 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 sale, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 42,459 shares valued at $1,155,114. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. 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 report on Friday, September 19th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. Stifel Nicolaus upped their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.13.

Kinder Morgan Price Performance

KMI opened at $25.93 on Thursday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-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 business’s fifty day simple moving average is $27.19 and its 200-day simple moving average is $27.41. The company has a market capitalization of $57.69 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly 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. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. 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 (DPR) is currently 95.90%.

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.