Excalibur Management Corp Sells 2,550 Shares of Kinder Morgan, Inc. $KMI

Excalibur Management Corp reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 73,614 shares of the pipeline company’s stock after selling 2,550 shares during the quarter. Excalibur Management Corp’s holdings in Kinder Morgan were worth $2,164,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KMI. Cranbrook Wealth Management LLC increased its position in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after buying an additional 562 shares during the period. Wolff Wiese Magana LLC acquired a new stake in shares of Kinder Morgan in the second quarter worth $34,000. Clearstead Trust LLC bought a new position in Kinder Morgan during the first quarter worth $40,000. N.E.W. Advisory Services LLC acquired a new position in Kinder Morgan during the 1st quarter valued at $46,000. Finally, Graney & King LLC boosted its holdings in Kinder Morgan by 103.7% in the 1st quarter. Graney & King LLC now owns 1,670 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 850 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis bought 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were bought at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the acquisition, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction dated 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 directly 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 SEC filing for this sale provides additional information. 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 Stock Up 0.9%

Shares of NYSE KMI opened at $26.15 on Friday. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week 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 business has a fifty day moving average of $27.17 and a two-hundred day moving average of $27.40. The stock has a market cap of $58.18 billion, a PE ratio of 21.43, a PEG ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMI. BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. 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. Wells Fargo & Company raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. raised their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.13.

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.