Cullen Investment Group LTD. Sells 880 Shares of Kinder Morgan, Inc. $KMI

Cullen Investment Group LTD. trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,079 shares of the pipeline company’s stock after selling 880 shares during the period. Cullen Investment Group LTD.’s holdings in Kinder Morgan were worth $1,531,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sierra Ocean LLC raised its position in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $26,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $29,000. JNBA Financial Advisors increased its position in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after buying an additional 870 shares in the last quarter. Finally, Grove Bank & Trust increased its position in Kinder Morgan by 2,913.5% during 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 in the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 0.0%

Kinder Morgan stock opened at $27.58 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The business’s 50-day simple moving average is $27.22 and its two-hundred day simple moving average is $27.35. The company has a market cap of $61.28 billion, a PE ratio of 22.61, a PEG ratio of 3.23 and a beta of 0.81. Kinder Morgan, Inc. has a fifty-two week low of $20.97 and a fifty-two week high of $31.48.

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

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. Stifel Nicolaus upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Friday, July 25th. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Barclays reaffirmed an “overweight” rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Morgan Stanley set a $34.00 target price on Kinder Morgan in a research report on Monday, July 7th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock valued at $3,553,982 in the last 90 days. 12.73% of the stock is currently owned by corporate 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.