Kinder Morgan, Inc. $KMI Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 16.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,972 shares of the pipeline company’s stock after selling 2,083 shares during the period. Venturi Wealth Management LLC’s holdings in Kinder Morgan were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KMI. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% during 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 increased its stake 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 purchasing an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC increased its stake 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 purchasing an additional 562 shares during the last quarter. Grove Bank & Trust increased its stake 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 purchasing an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in Kinder Morgan during the second quarter valued at $34,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the 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 owned 159,428 shares of the company’s stock, 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 134,174 shares of company stock worth $3,727,678 over the last ninety days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Down 1.5%

Kinder Morgan stock opened at $27.12 on Friday. The company has a 50-day simple moving average of $27.26 and a 200-day simple moving average of $27.45. The firm has a market capitalization of $60.25 billion, a P/E ratio of 22.23, a P/E/G ratio of 3.24 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a one year low of $23.86 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of $4.04 billion during 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%. Kinder Morgan’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analyst Ratings Changes

Several analysts have weighed in on KMI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. BMO Capital Markets started coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group started coverage on shares of Kinder Morgan in a research report on Thursday. They set a “hold” rating and a $30.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.88.

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.