Trivium Point Advisory LLC Has $209,000 Stock Holdings in Kinder Morgan, Inc. $KMI

Trivium Point Advisory LLC lessened its position in Kinder Morgan, Inc. (NYSE:KMI) by 70.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,117 shares of the pipeline company’s stock after selling 16,795 shares during the period. Trivium Point Advisory LLC’s holdings in Kinder Morgan were worth $209,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its stake in shares of Kinder Morgan by 4.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 554,601 shares of the pipeline company’s stock valued at $16,305,000 after purchasing an additional 26,114 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Kinder Morgan by 3.6% in the 2nd quarter. Raleigh Capital Management Inc. now owns 18,376 shares of the pipeline company’s stock valued at $540,000 after purchasing an additional 637 shares in the last quarter. Janney Capital Management LLC boosted its stake in shares of Kinder Morgan by 1.9% in the 2nd quarter. Janney Capital Management LLC now owns 106,083 shares of the pipeline company’s stock valued at $3,119,000 after purchasing an additional 2,026 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at $34,000. Finally, GC Wealth Management RIA LLC boosted its stake in shares of Kinder Morgan by 4.7% in the 2nd quarter. GC Wealth Management RIA LLC now owns 54,633 shares of the pipeline company’s stock valued at $1,606,000 after purchasing an additional 2,447 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director directly owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.05, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock worth $3,553,982 over the last quarter. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $28.28 on Thursday. The stock has a market capitalization of $62.85 billion, a P/E ratio of 23.18, a P/E/G ratio of 3.32 and a beta of 0.78. Kinder Morgan, Inc. has a 1-year low of $22.60 and a 1-year high of $31.48. 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 business has a 50-day moving average price of $27.23 and a two-hundred day moving average price of $27.46.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.1%. Kinder Morgan’s dividend payout ratio is 95.90%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Scotiabank reduced their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. BMO Capital Markets started coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target for the company. Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating for the company. TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target for the company. Finally, Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Friday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

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.