Kinder Morgan, Inc. $KMI Stock Holdings Trimmed by NTV Asset Management LLC

NTV Asset Management LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 4.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,797 shares of the pipeline company’s stock after selling 523 shares during the quarter. NTV Asset Management LLC’s holdings in Kinder Morgan were worth $347,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of KMI. Hennessy Advisors Inc. lifted its holdings in Kinder Morgan by 0.6% in the second quarter. Hennessy Advisors Inc. now owns 1,028,861 shares of the pipeline company’s stock worth $30,249,000 after purchasing an additional 6,300 shares during the period. Segment Wealth Management LLC raised its position in shares of Kinder Morgan by 6.7% during the 2nd quarter. Segment Wealth Management LLC now owns 37,031 shares of the pipeline company’s stock worth $1,089,000 after buying an additional 2,329 shares in the last quarter. Precedent Wealth Partners LLC lifted its stake in shares of Kinder Morgan by 10.4% in the 2nd quarter. Precedent Wealth Partners LLC now owns 76,841 shares of the pipeline company’s stock worth $2,259,000 after acquiring an additional 7,230 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Kinder Morgan by 9.0% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 82,185 shares of the pipeline company’s stock valued at $2,416,000 after acquiring an additional 6,773 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in shares of Kinder Morgan during the second quarter valued at approximately $279,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Up 1.0%

NYSE:KMI opened at $28.50 on Friday. The stock has a fifty day simple moving average of $27.27 and a 200 day simple moving average of $27.46. The firm has a market capitalization of $63.32 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78. Kinder Morgan, Inc. has a 1-year low of $23.06 and a 1-year 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.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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 net margin of 17.06% and a return on equity of 8.31%. 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 firm earned $0.26 earnings per share. The business’s quarterly 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. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed 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 of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays reaffirmed an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Scotiabank decreased their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating on the stock. BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, TD Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective on the stock. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.25.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction dated Monday, July 28th. The shares were acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares of the company’s stock, valued at $945,928.44. This represents a 8.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sital K. Mody sold 45,549 shares of the stock in a transaction dated 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. In the last 90 days, insiders sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan 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.