Thurston Springer Miller Herd & Titak Inc. Sells 35,309 Shares of Kinder Morgan, Inc. $KMI

Thurston Springer Miller Herd & Titak Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 94.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,982 shares of the pipeline company’s stock after selling 35,309 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Kinder Morgan were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after acquiring an additional 3,070,609 shares during the last quarter. Geode Capital Management LLC raised its holdings in Kinder Morgan by 1.2% during the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after acquiring an additional 599,152 shares during the period. Norges Bank purchased a new position in shares of Kinder Morgan in the second quarter valued at about $1,162,802,000. Orbis Allan Gray Ltd boosted its stake in shares of Kinder Morgan by 3.1% in the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after acquiring an additional 670,856 shares during the period. Finally, Invesco Ltd. grew its position in shares of Kinder Morgan by 2.8% during the second quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock worth $645,310,000 after purchasing an additional 603,197 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KMI shares. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Mizuho reduced their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. UBS Group reissued a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Scotiabank reduced their price target on shares of 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. Finally, Jefferies Financial Group initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Kinder Morgan Stock Performance

KMI stock opened at $26.66 on Thursday. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The firm has a market cap of $59.31 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.32 and a beta of 0.67. The business’s fifty day simple moving average is $26.86 and its two-hundred day simple moving average is $27.34. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the business earned $0.25 EPS. The business’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. Analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan’s payout ratio is 95.90%.

Insider Activity

In other Kinder Morgan news, Chairman Richard D. Kinder bought 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was bought at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman directly owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis acquired 3,800 shares of the stock in a transaction on Friday, October 31st. The stock was bought at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the transaction, the director owned 39,051 shares in the company, valued at approximately $1,024,307.73. This represents a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $511,655. Insiders own 12.73% of the company’s stock.

About Kinder Morgan

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.