Kinder Morgan, Inc. $KMI Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 467,759 shares of the pipeline company’s stock after selling 40,394 shares during the period. Guggenheim Capital LLC’s holdings in Kinder Morgan were worth $13,752,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $308,000. Federated Hermes Inc. lifted its holdings in shares of Kinder Morgan by 3.8% during the first quarter. Federated Hermes Inc. now owns 19,774 shares of the pipeline company’s stock worth $564,000 after purchasing an additional 720 shares during the period. Commonwealth Equity Services LLC grew its position in Kinder Morgan by 2.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 901,679 shares of the pipeline company’s stock valued at $25,725,000 after buying an additional 18,884 shares during the last quarter. iA Global Asset Management Inc. raised its position in Kinder Morgan by 307.2% during the 1st quarter. iA Global Asset Management Inc. now owns 91,540 shares of the pipeline company’s stock worth $2,612,000 after buying an additional 69,057 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in shares of Kinder Morgan by 31.7% in the 1st quarter. Wealthspire Advisors LLC now owns 10,808 shares of the pipeline company’s stock worth $308,000 after acquiring an additional 2,602 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, Chairman Richard D. Kinder bought 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the transaction, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president directly owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. Insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 2.5%

Shares of KMI stock opened at $27.84 on Friday. The company has a market capitalization of $61.94 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.39 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $27.09 and a 200 day moving average price of $27.40. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. 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 disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Jefferies Financial Group started coverage on shares of Kinder Morgan in a research report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research note on Thursday, October 9th. Stifel Nicolaus lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. BMO Capital Markets assumed coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Finally, Scotiabank dropped their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.33.

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.