Jackson Wealth Management LLC Sells 3,694 Shares of Kinder Morgan, Inc. $KMI

Jackson Wealth Management LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,188 shares of the pipeline company’s stock after selling 3,694 shares during the quarter. Jackson Wealth Management LLC’s holdings in Kinder Morgan were worth $3,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Sierra Ocean LLC boosted its holdings in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after buying an additional 788 shares during the last quarter. JNBA Financial Advisors boosted its holdings in shares of Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after buying an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after buying an additional 562 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Kinder Morgan by 2,913.5% in 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 last quarter. Finally, Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan in the second quarter worth approximately $34,000. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the sale, the vice president owned 225,868 shares in the company, valued at approximately $6,098,436. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,008 shares of company stock valued at $3,553,982 in the last three months. Corporate insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Saturday, September 27th. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Friday, July 25th. Morgan Stanley raised their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

Kinder Morgan Price Performance

KMI stock opened at $28.50 on Friday. Kinder Morgan, Inc. has a one year low of $23.06 and a one year high of $31.48. The company’s fifty day moving average price is $27.27 and its 200-day moving average price is $27.47. 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 company has a market capitalization of $63.32 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78.

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

Kinder Morgan Dividend Announcement

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

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.