Kinder Morgan, Inc. $KMI Stock Position Reduced by IFP Advisors Inc

IFP Advisors Inc cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 40.7% during the second quarter, HoldingsChannel.com reports. The firm owned 46,736 shares of the pipeline company’s stock after selling 32,077 shares during the period. IFP Advisors Inc’s holdings in Kinder Morgan were worth $1,498,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% during 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 stake in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC lifted its stake in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the last quarter. Grove Bank & Trust lifted its stake in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan in the second quarter valued at approximately $34,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports 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 for the company in a research note on Friday, September 19th. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research note on Thursday. TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, Barclays restated an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.88.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $27.12 on Friday. Kinder Morgan, Inc. has a 1-year low of $23.86 and a 1-year high of $31.48. The firm has a fifty day simple moving average of $27.26 and a 200-day simple moving average of $27.44. The stock has a market capitalization of $60.25 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.19 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI) last announced its 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 net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Kinder Morgan’s 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, sell-side 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 announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s payout ratio is 95.90%.

Insider Buying and Selling 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 shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction of $1,273,550.04. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock valued at $3,727,678 in the last three months. 12.73% of the stock is owned by insiders.

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.