Segment Wealth Management LLC Has $1.09 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Segment Wealth Management LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,031 shares of the pipeline company’s stock after buying an additional 2,329 shares during the quarter. Segment Wealth Management LLC’s holdings in Kinder Morgan were worth $1,089,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KMI. Brighton Jones LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $308,000. RFG Advisory LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter worth about $415,000. Tower Wealth Partners Inc. acquired a new stake in shares of Kinder Morgan during the 1st quarter worth about $210,000. UMB Bank n.a. increased its position in shares of Kinder Morgan by 8.8% during the 1st quarter. UMB Bank n.a. now owns 229,278 shares of the pipeline company’s stock worth $6,541,000 after purchasing an additional 18,633 shares in the last quarter. Finally, Wedmont Private Capital increased its position in shares of Kinder Morgan by 1.9% during the 1st quarter. Wedmont Private Capital now owns 34,469 shares of the pipeline company’s stock worth $912,000 after purchasing an additional 655 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays reiterated 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. 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 research report on Friday, September 19th. Stifel Nicolaus increased their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 14th. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective 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. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $31.25.

Kinder Morgan Stock Up 1.0%

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

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, meeting the consensus estimate of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current 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 paid 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 dividend payout ratio (DPR) 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.