Sigma Planning Corp Has $1.76 Million Stake in Kinder Morgan, Inc. $KMI

Sigma Planning Corp decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.8% in the second quarter, Holdings Channel reports. The fund owned 59,888 shares of the pipeline company’s stock after selling 5,759 shares during the period. Sigma Planning Corp’s holdings in Kinder Morgan were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after acquiring an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after acquiring an additional 5,529,065 shares during the last quarter. Deutsche Bank AG lifted its position in Kinder Morgan by 2.0% during the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after acquiring an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Kinder Morgan by 19.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock worth $380,145,000 after purchasing an additional 2,144,307 shares during the period. Finally, Amundi increased its holdings in shares of Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock worth $353,785,000 after purchasing an additional 943,023 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $25.85 on Wednesday. The stock has a market cap of $57.50 billion, a P/E ratio of 21.18, a PEG ratio of 3.01 and a beta of 0.78. The company’s 50-day simple moving average is $27.21 and its 200 day simple moving average is $27.42. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates 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 net margin of 16.61% and a return on equity of 8.57%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMI. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a report on Thursday, October 9th. BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Scotiabank dropped their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Ten investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Insider Activity

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were purchased at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the purchase, the chairman directly 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 42,459 shares valued at $1,155,114. 12.73% of the stock is currently owned by insiders.

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.