Yousif Capital Management LLC Sells 7,203 Shares of Kinder Morgan, Inc. $KMI

Yousif Capital Management LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,519 shares of the pipeline company’s stock after selling 7,203 shares during the quarter. Yousif Capital Management LLC’s holdings in Kinder Morgan were worth $7,953,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KMI. Sierra Ocean LLC lifted its holdings in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares in the last quarter. JNBA Financial Advisors lifted its holdings in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 870 shares during the period. Cranbrook Wealth Management LLC lifted its holdings in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 562 shares during the period. Grove Bank & Trust lifted its holdings in Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC bought a new stake in Kinder Morgan during the second quarter worth $34,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.34 on Tuesday. 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 business has a fifty day simple moving average of $27.24 and a two-hundred day simple moving average of $27.43. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company has a market capitalization of $60.74 billion, a P/E ratio of 22.41, a P/E/G ratio of 3.19 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share 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 company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue 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, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st 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 Thursday, July 31st. Kinder Morgan’s payout ratio is presently 95.90%.

Insider Activity at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the business’s 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 directly owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Insiders sold a total of 134,174 shares of company stock worth $3,727,678 in the last 90 days. 12.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KMI. Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Barclays reiterated an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. BMO Capital Markets began coverage on Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Scotiabank dropped their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Finally, Morgan Stanley set a $30.00 target price on Kinder Morgan in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.88.

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.