Kinder Morgan, Inc. $KMI Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,735 shares of the pipeline company’s stock after selling 5,487 shares during the period. Moors & Cabot Inc.’s holdings in Kinder Morgan were worth $4,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMI. GPS Wealth Strategies Group LLC grew its holdings in shares of Kinder Morgan by 8.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 18,609 shares of the pipeline company’s stock worth $547,000 after purchasing an additional 1,397 shares during the last quarter. Oakwell Private Wealth Management LLC raised its position in Kinder Morgan by 4.5% in the 2nd quarter. Oakwell Private Wealth Management LLC now owns 13,939 shares of the pipeline company’s stock valued at $410,000 after purchasing an additional 597 shares during the last quarter. Prosperity Consulting Group LLC raised its position in Kinder Morgan by 4.3% in the 2nd quarter. Prosperity Consulting Group LLC now owns 15,501 shares of the pipeline company’s stock valued at $456,000 after purchasing an additional 645 shares during the last quarter. Huntington National Bank grew its holdings in shares of Kinder Morgan by 31.7% during the second quarter. Huntington National Bank now owns 220,548 shares of the pipeline company’s stock worth $6,484,000 after buying an additional 53,085 shares during the last quarter. Finally, Obermeyer Wealth Partners purchased a new position in shares of Kinder Morgan during the second quarter worth about $232,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

KMI stock opened at $25.85 on Wednesday. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. The stock’s 50 day moving average price is $27.21 and its 200 day moving average price is $27.42. The firm has a market cap of $57.50 billion, a P/E ratio of 21.18, a PEG ratio of 3.01 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last released its quarterly 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 last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KMI shares. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Wells Fargo & Company raised 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. Morgan Stanley set a $30.00 price target on Kinder Morgan in a report on Thursday, October 9th. Finally, BMO Capital Markets assumed coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.13.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the transaction, the vice president owned 219,702 shares in the company, valued at $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 42,459 shares valued at $1,155,114. 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.