Wealth Architects LLC Lowers Stock Position in Kinder Morgan, Inc. $KMI

Wealth Architects LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.3% in the second quarter, Holdings Channel.com reports. The fund owned 30,313 shares of the pipeline company’s stock after selling 2,051 shares during the period. Wealth Architects LLC’s holdings in Kinder Morgan were worth $891,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KMI. Sierra Ocean LLC boosted its position in shares of Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares during the period. JNBA Financial Advisors boosted its position in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after buying an additional 870 shares during the period. Cranbrook Wealth Management LLC grew its stake in shares of 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 buying an additional 562 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Kinder Morgan by 2,913.5% in the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of Kinder Morgan in the 2nd quarter valued at $34,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Sital K. Mody sold 45,549 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis bought 2,759 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director owned 34,764 shares of the company’s stock, valued at $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Trading Down 1.5%

NYSE KMI opened at $27.12 on Monday. Kinder Morgan, Inc. has a 52 week low of $23.86 and a 52 week high of $31.48. The firm has a 50 day moving average of $27.26 and a two-hundred day moving average of $27.44. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $60.25 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating for the company. Scotiabank dropped their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research note on Thursday. TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target for the company. Finally, Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Friday, July 25th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $30.88.

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.