Ignite Planners LLC Has $280,000 Stake in Kinder Morgan, Inc. $KMI

Ignite Planners LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,040 shares of the pipeline company’s stock after selling 636 shares during the period. Ignite Planners LLC’s holdings in Kinder Morgan were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC lifted its position 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 valued at $25,000 after buying an additional 788 shares during the last quarter. JNBA Financial Advisors lifted its position 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 valued at $29,000 after buying an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC lifted its position 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 valued at $31,000 after buying an additional 562 shares during the last quarter. Grove Bank & Trust lifted its position 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 valued at $32,000 after buying an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan during the 2nd quarter worth approximately $34,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction on Friday, August 1st. The shares were 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 have sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $28.14 on Thursday. The stock’s fifty day moving average price is $27.29 and its two-hundred day moving average price is $27.47. Kinder Morgan, Inc. has a one year low of $23.19 and a one year high of $31.48. 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 firm has a market cap of $62.53 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 3.29 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company earned $0.26 EPS. The company’s 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. As a group, research analysts expect 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. Stockholders 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 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, August 14th. Morgan Stanley lifted their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating for the company. Finally, Barclays reissued an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.25.

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.