Everett Harris & Co. CA Decreases Stock Holdings in Kinder Morgan, Inc. $KMI

Everett Harris & Co. CA lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 153,345 shares of the pipeline company’s stock after selling 2,863 shares during the quarter. Everett Harris & Co. CA’s holdings in Kinder Morgan were worth $4,508,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA purchased a new stake in shares of Kinder Morgan during the second quarter worth about $26,000. Cranbrook Wealth Management LLC lifted its stake 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 valued at $31,000 after buying an additional 562 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan in the 2nd quarter worth about $34,000. Clearstead Trust LLC purchased a new stake in Kinder Morgan during the 1st quarter worth approximately $40,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Kinder Morgan during the 1st quarter worth approximately $46,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMI. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Scotiabank lowered their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a report on Thursday, October 9th. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.19.

Insider Activity

In other Kinder Morgan news, Chairman Richard D. Kinder bought 1,000,000 shares of Kinder Morgan stock in a transaction on Monday, October 27th. The shares were bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the acquisition, the director owned 39,051 shares in the company, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Down 0.5%

NYSE KMI opened at $26.93 on Wednesday. The business’s fifty day simple moving average is $27.17 and its 200-day simple moving average is $27.42. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a market cap of $59.91 billion, a PE ratio of 22.07, a P/E/G ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Kinder Morgan’s quarterly revenue 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 analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.2925 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

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.