Frank Rimerman Advisors LLC Has $1.37 Million Position in Kinder Morgan, Inc. $KMI

Frank Rimerman Advisors LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.7% during the second quarter, HoldingsChannel.com reports. The fund owned 46,660 shares of the pipeline company’s stock after selling 2,283 shares during the period. Frank Rimerman Advisors LLC’s holdings in Kinder Morgan were worth $1,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KMI. Johnson Financial Group LLC bought a new position in shares of Kinder Morgan during the second quarter worth $294,000. Rothschild Investment LLC lifted its holdings in Kinder Morgan by 1.3% during the second quarter. Rothschild Investment LLC now owns 133,199 shares of the pipeline company’s stock worth $3,916,000 after acquiring an additional 1,701 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Kinder Morgan by 6.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,752,095 shares of the pipeline company’s stock valued at $51,512,000 after acquiring an additional 104,694 shares during the period. Delta Asset Management LLC TN increased its holdings in shares of Kinder Morgan by 163.9% in the second quarter. Delta Asset Management LLC TN now owns 4,465 shares of the pipeline company’s stock worth $131,000 after acquiring an additional 2,773 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its position in shares of Kinder Morgan by 43.8% during the second quarter. Duff & Phelps Investment Management Co. now owns 2,476,564 shares of the pipeline company’s stock worth $72,811,000 after purchasing an additional 754,689 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.2%

Shares of NYSE:KMI opened at $27.08 on Wednesday. The company’s 50-day moving average price is $27.22 and its two-hundred day moving average price is $27.44. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. The stock has a market capitalization of $60.25 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last released its earnings results 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 return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the business earned $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. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS 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 paid a dividend of $0.2925 per share. The ex-dividend date was 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 is currently 95.90%.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research report on Thursday, October 9th. BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Scotiabank cut their price target on 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, Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Friday, July 25th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.19.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president directly owned 213,536 shares of the company’s stock, valued at approximately $5,765,472. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis acquired 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by insiders.

About Kinder Morgan

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.