Ethic Inc. Decreases Stock Position in Kinder Morgan, Inc. $KMI

Ethic Inc. cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.0% in the second quarter, HoldingsChannel reports. The firm owned 124,508 shares of the pipeline company’s stock after selling 10,842 shares during the quarter. Ethic Inc.’s holdings in Kinder Morgan were worth $3,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. raised its stake in Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after buying an additional 794,388 shares in the last quarter. Burney Co. raised its stake in Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after buying an additional 252,736 shares in the last quarter. Aberdeen Group plc raised its stake in Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after buying an additional 609,748 shares in the last quarter. Eagle Global Advisors LLC raised its stake in Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after buying an additional 137,030 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in Kinder Morgan in the first quarter valued at $6,814,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of analyst reports. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating on the stock. Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Scotiabank cut their target price on 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. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.13.

Insider Transactions at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total value 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. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock worth $3,727,678 over the last three months. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Down 4.6%

KMI opened at $26.31 on Friday. The business’s 50-day simple moving average is $27.29 and its 200-day simple moving average is $27.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48. The stock has a market capitalization of $58.45 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.58% and a net margin of 16.61%.The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue 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 anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s payout ratio is 95.90%.

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.