Kinder Morgan, Inc. $KMI Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,776 shares of the pipeline company’s stock after selling 3,551 shares during the period. Concurrent Investment Advisors LLC’s holdings in Kinder Morgan were worth $3,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC boosted its stake in Kinder Morgan by 17.9% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 70,420 shares of the pipeline company’s stock worth $2,070,000 after purchasing an additional 10,695 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in Kinder Morgan during the 2nd quarter worth approximately $161,000. Applied Capital LLC FL raised its position in Kinder Morgan by 17.2% during the 2nd quarter. Applied Capital LLC FL now owns 14,954 shares of the pipeline company’s stock worth $440,000 after buying an additional 2,193 shares during the last quarter. Inspire Investing LLC raised its position in Kinder Morgan by 46.6% during the 2nd quarter. Inspire Investing LLC now owns 301,908 shares of the pipeline company’s stock worth $8,876,000 after buying an additional 95,978 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC raised its position in Kinder Morgan by 352.2% during the 2nd quarter. Drucker Wealth 3.0 LLC now owns 33,783 shares of the pipeline company’s stock worth $939,000 after buying an additional 26,313 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.34 on Tuesday. The company’s fifty day moving average price is $27.24 and its 200 day moving average price is $27.43. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The stock has a market capitalization of $60.74 billion, a P/E ratio of 22.41, a P/E/G ratio of 3.19 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 (NYSE:KMI) last released its quarterly 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. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of recent research reports. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday. Barclays reissued an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Stifel Nicolaus raised their price target 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. Jefferies Financial Group initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Finally, Wells Fargo & Company raised 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. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $30.88.

Insider Activity

In other news, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David Patrick Michels sold 40,000 shares of the business’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 transaction, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. 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. Insiders own 12.73% of the company’s stock.

About Kinder Morgan

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.