Comprehensive Money Management Services LLC Lowers Holdings in Kinder Morgan, Inc. $KMI

Comprehensive Money Management Services LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,365 shares of the pipeline company’s stock after selling 2,466 shares during the period. Kinder Morgan accounts for about 1.4% of Comprehensive Money Management Services LLC’s investment portfolio, making the stock its 11th biggest position. Comprehensive Money Management Services LLC’s holdings in Kinder Morgan were worth $1,892,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Alhambra Investment Management LLC lifted its holdings 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 worth $468,000 after buying an additional 363 shares during the period. Relyea Zuckerberg Hanson LLC lifted its holdings 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 worth $276,000 after buying an additional 374 shares during the period. Morton Capital Management LLC CA lifted its holdings in Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after buying an additional 377 shares during the period. QTR Family Wealth LLC lifted its holdings 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 buying an additional 377 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its holdings 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 buying an additional 378 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays restated an “overweight” rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Wells Fargo & Company upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Scotiabank reduced their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Eleven 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 presently has a consensus rating of “Moderate Buy” and an average target price of $30.88.

Kinder Morgan Price Performance

NYSE KMI opened at $27.12 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The stock’s fifty day moving average price is $27.26 and its 200 day moving average price is $27.45. Kinder Morgan, Inc. has a 1 year low of $23.86 and a 1 year high of $31.48. The company has a market cap of $60.25 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.24 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the firm earned $0.26 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Insider Transactions at Kinder Morgan

In related news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at $4,494,275.32. This represents a 20.06% decrease in their position. The transaction 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 company’s 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 completion of the transaction, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,174 shares of company stock worth $3,727,678 over the last 90 days. Insiders own 12.73% of the company’s stock.

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.