Wealthfront Advisers LLC Has $12.66 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Wealthfront Advisers LLC decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 430,633 shares of the pipeline company’s stock after selling 2,294 shares during the period. Wealthfront Advisers LLC’s holdings in Kinder Morgan were worth $12,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC lifted its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after buying an additional 788 shares in the last quarter. JNBA Financial Advisors lifted its position in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after buying an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC lifted its position in Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after buying an additional 562 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Kinder Morgan during the 2nd quarter worth about $34,000. Finally, Clearstead Trust LLC acquired a new position in Kinder Morgan during the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s 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 completion of the transaction, the vice president owned 219,702 shares in the company, valued at $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,174 shares of company stock worth $3,727,678 over the last ninety days. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $25.88 on Monday. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The firm has a fifty day simple moving average of $27.28 and a 200 day simple moving average of $27.45. The stock has a market capitalization of $57.51 billion, a PE ratio of 21.21, a P/E/G ratio of 2.99 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.5%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KMI. Scotiabank cut their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. 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 target price on the stock. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Finally, Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating on the stock. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $31.13.

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.