Wealth Enhancement Advisory Services LLC Purchases 341,143 Shares of Kinder Morgan, Inc. $KMI

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 48.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,040,031 shares of the pipeline company’s stock after purchasing an additional 341,143 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Kinder Morgan were worth $29,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedmont Private Capital raised its position in Kinder Morgan by 5.5% in the second quarter. Wedmont Private Capital now owns 36,373 shares of the pipeline company’s stock worth $1,011,000 after acquiring an additional 1,904 shares during the period. Uptown Financial Advisors LLC bought a new position in Kinder Morgan in the 2nd quarter worth $204,000. KMG Fiduciary Partners LLC lifted its position in Kinder Morgan by 3.3% during the second quarter. KMG Fiduciary Partners LLC now owns 109,018 shares of the pipeline company’s stock valued at $3,205,000 after purchasing an additional 3,515 shares in the last quarter. Sunflower Bank N.A. grew its holdings in Kinder Morgan by 8.2% during the second quarter. Sunflower Bank N.A. now owns 11,268 shares of the pipeline company’s stock valued at $331,000 after purchasing an additional 858 shares during the period. Finally, Chickasaw Capital Management LLC increased its position in Kinder Morgan by 1.4% in the second quarter. Chickasaw Capital Management LLC now owns 814,138 shares of the pipeline company’s stock worth $23,936,000 after buying an additional 10,998 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Morgan Stanley set a $32.00 price target on shares of Kinder Morgan in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, Scotiabank dropped their target price 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. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.06.

Kinder Morgan Trading Down 0.8%

Shares of Kinder Morgan stock opened at $27.46 on Friday. Kinder Morgan, Inc. has a twelve month low of $21.45 and a twelve month high of $31.48. 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 business has a 50-day moving average price of $27.17 and a 200-day moving average price of $27.38. The firm has a market cap of $61.02 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 3.25 and a beta of 0.81.

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

Kinder Morgan Announces Dividend

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

Insider Activity at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the sale, the chief financial officer owned 159,428 shares in the company, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock valued at $3,553,982 over the last quarter. 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.