Kinder Morgan, Inc. $KMI Shares Sold by Ameriflex Group Inc.

Ameriflex Group Inc. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 50.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,044 shares of the pipeline company’s stock after selling 4,072 shares during the quarter. Ameriflex Group Inc.’s holdings in Kinder Morgan were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% in the first 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 last quarter. JNBA Financial Advisors grew its position in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares during the period. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the period. Grove Bank & Trust grew its position in Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC purchased a new stake in Kinder Morgan during the second quarter valued at about $34,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the transaction, the chief financial officer owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the transaction, the vice president owned 225,868 shares in the company, valued at approximately $6,098,436. This trade represents a 2.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,008 shares of company stock valued at $3,553,982. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research reports. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Friday, July 25th. Stifel Nicolaus boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating for the company. BMO Capital Markets initiated coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.50 on Friday. Kinder Morgan, Inc. has a 1-year low of $23.06 and a 1-year high of $31.48. The business has a 50-day moving average of $27.27 and a 200-day moving average of $27.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The company has a market capitalization of $63.32 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 3.35 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate 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 the consensus estimate of $3.75 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s 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 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 paid a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. 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.