Newman Dignan & Sheerar Inc. Has $377,000 Position in Kinder Morgan, Inc. $KMI

Newman Dignan & Sheerar Inc. lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,832 shares of the pipeline company’s stock after selling 668 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Kinder Morgan were worth $377,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC increased its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares during the period. JNBA Financial Advisors lifted its position in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares during the period. Cranbrook Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 562 shares during the last quarter. Grove Bank & Trust increased its position in shares of Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC bought a new position in Kinder Morgan during the second quarter worth $34,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Down 0.1%

NYSE KMI opened at $28.28 on Thursday. The company has a market cap of $62.85 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 3.32 and a beta of 0.78. Kinder Morgan, Inc. has a 52 week low of $22.60 and a 52 week high of $31.48. The business has a 50 day moving average price of $27.23 and a 200-day moving average price of $27.46. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. Kinder Morgan’s payout ratio is presently 95.90%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KMI. Morgan Stanley upped their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday. Barclays restated an “overweight” rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. BMO Capital Markets assumed coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target on the stock. Wolfe Research raised shares of 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.25.

Insiders Place Their Bets

In related news, Director Amy W. Chronis purchased 2,759 shares of the business’s stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the purchase, the director owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock worth $3,553,982 in the last 90 days. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Company 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.