VestGen Advisors LLC Sells 4,148 Shares of Kinder Morgan, Inc. $KMI

VestGen Advisors LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,542 shares of the pipeline company’s stock after selling 4,148 shares during the quarter. VestGen Advisors LLC’s holdings in Kinder Morgan were worth $5,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KMI. LFA Lugano Financial Advisors SA bought a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the last quarter. Wolff Wiese Magana LLC purchased a new stake in Kinder Morgan in the second quarter worth $34,000. Clearstead Trust LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $40,000. Finally, Manchester Capital Management LLC boosted its stake in shares of Kinder Morgan by 170.5% during the first quarter. Manchester Capital Management LLC now owns 1,699 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 1,071 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was acquired at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the transaction, the chairman owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This represents a 0.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Monday, November 10th. The stock was 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 directly owned 213,536 shares in the company, valued at approximately $5,765,472. The trade was a 2.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

NYSE KMI opened at $27.16 on Friday. The company has a market cap of $60.42 billion, a PE ratio of 22.26, a P/E/G ratio of 3.01 and a beta of 0.77. The firm’s 50 day moving average price is $27.12 and its 200-day moving average price is $27.41. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

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

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 95.90%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research note on Thursday, October 9th. Finally, Mizuho decreased their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.33.

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.