Terril Brothers Inc. Sells 117,000 Shares of Kinder Morgan, Inc. $KMI

Terril Brothers Inc. reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 90.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,868 shares of the pipeline company’s stock after selling 117,000 shares during the quarter. Terril Brothers Inc.’s holdings in Kinder Morgan were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of KMI. Brighton Jones LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth approximately $308,000. Allspring Global Investments Holdings LLC boosted its stake in Kinder Morgan by 31.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 383,236 shares of the pipeline company’s stock valued at $10,972,000 after buying an additional 90,943 shares during the last quarter. Mather Group LLC. grew its position in Kinder Morgan by 8.1% in the first quarter. Mather Group LLC. now owns 12,435 shares of the pipeline company’s stock worth $355,000 after acquiring an additional 932 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Kinder Morgan by 82.3% during the 1st quarter. Vontobel Holding Ltd. now owns 66,543 shares of the pipeline company’s stock valued at $1,898,000 after purchasing an additional 30,037 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Kinder Morgan by 18.3% in the first quarter. DAVENPORT & Co LLC now owns 258,000 shares of the pipeline company’s stock worth $7,361,000 after purchasing an additional 39,827 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction on 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 directly owned 292,000 shares in the company, valued at $7,898,600. The trade was a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the purchase, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 88,625 shares of company stock valued at $2,454,128. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 14th. Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating for the company. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Jefferies Financial Group started coverage on Kinder Morgan in a research report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $31.13.

Kinder Morgan Price Performance

NYSE KMI opened at $26.06 on Friday. The firm has a market capitalization of $57.98 billion, a PE ratio of 21.36, a P/E/G ratio of 3.01 and a beta of 0.78. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The company’s 50 day simple moving average is $27.24 and its 200 day simple moving average is $27.44.

Kinder Morgan (NYSE:KMI) last issued 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 company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid 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 yield of 4.5%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

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.