Courier Capital LLC Decreases Stock Position in Kinder Morgan, Inc. $KMI

Courier Capital LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,676 shares of the pipeline company’s stock after selling 1,536 shares during the period. Courier Capital LLC’s holdings in Kinder Morgan were worth $2,636,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KMI. Brighton Jones LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $308,000. GAMMA Investing LLC grew its stake in shares of Kinder Morgan by 9.3% in the first quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company’s stock worth $1,004,000 after purchasing an additional 3,003 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the first quarter worth about $35,000. Sound Income Strategies LLC grew its stake in shares of Kinder Morgan by 164.5% in the first quarter. Sound Income Strategies LLC now owns 14,336 shares of the pipeline company’s stock worth $409,000 after purchasing an additional 8,916 shares during the last quarter. Finally, Brown Miller Wealth Management LLC grew its stake in shares of Kinder Morgan by 140.2% in the first quarter. Brown Miller Wealth Management LLC now owns 27,244 shares of the pipeline company’s stock worth $777,000 after purchasing an additional 15,900 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $27.34 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a market cap of $60.74 billion, a PE ratio of 22.41, a P/E/G ratio of 3.19 and a beta of 0.78. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The firm has a fifty day simple moving average of $27.24 and a two-hundred day simple moving average of $27.43.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business posted $0.26 EPS. Kinder Morgan’s revenue for the quarter was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. 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 95.90%.

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 dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares of the company’s stock, valued at $7,898,600. This represents a 9.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average cost of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 134,174 shares of company stock worth $3,727,678. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective on the stock. Barclays reaffirmed an “overweight” rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. 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 objective on the stock. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Finally, Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating on the stock. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $30.88.

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.