Kinder Morgan, Inc. $KMI Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 28.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,396 shares of the pipeline company’s stock after acquiring an additional 3,624 shares during the period. First Horizon Advisors Inc.’s holdings in Kinder Morgan were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Creative Financial Designs Inc. ADV grew its stake in shares of Kinder Morgan by 14.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock valued at $83,000 after purchasing an additional 357 shares during the last quarter. L.M. Kohn & Company grew its position in Kinder Morgan by 3.4% in the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock valued at $322,000 after buying an additional 360 shares during the last quarter. Alhambra Investment Management LLC increased its stake in Kinder Morgan by 2.3% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock valued at $468,000 after buying an additional 363 shares during the period. Relyea Zuckerberg Hanson LLC raised its position in Kinder Morgan by 4.2% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock worth $276,000 after buying an additional 374 shares during the last quarter. Finally, QTR Family Wealth LLC lifted its stake in shares of Kinder Morgan by 2.7% in the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock worth $423,000 after acquiring an additional 377 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Stifel Nicolaus lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Wells Fargo & Company lifted 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, Jefferies Financial Group initiated coverage on Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.55 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $27.16 and its 200 day moving average price is $27.41. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The stock has a market cap of $59.07 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.01 and a beta of 0.77.

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

Kinder Morgan Announces Dividend

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

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the transaction, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction on Monday, August 11th. The stock was 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 approximately $7,898,600. This trade 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 bought 1,004,287 shares of company stock worth $26,072,463 and have sold 42,459 shares worth $1,155,114. 12.73% of the stock is owned by insiders.

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.