Atria Investments Inc Decreases Stock Position in Kinder Morgan, Inc. $KMI

Atria Investments Inc lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 34.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,695 shares of the pipeline company’s stock after selling 54,688 shares during the quarter. Atria Investments Inc’s holdings in Kinder Morgan were worth $3,019,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Spinnaker Trust lifted its stake in Kinder Morgan by 4.4% in the 2nd quarter. Spinnaker Trust now owns 118,867 shares of the pipeline company’s stock worth $3,495,000 after purchasing an additional 5,062 shares in the last quarter. Savvy Advisors Inc. lifted its stake in Kinder Morgan by 26.7% in the 2nd quarter. Savvy Advisors Inc. now owns 25,919 shares of the pipeline company’s stock worth $762,000 after purchasing an additional 5,462 shares in the last quarter. Assetmark Inc. lifted its stake in Kinder Morgan by 446.1% in the 2nd quarter. Assetmark Inc. now owns 47,146 shares of the pipeline company’s stock worth $1,386,000 after purchasing an additional 38,512 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in Kinder Morgan by 5.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 41,943 shares of the pipeline company’s stock worth $1,233,000 after purchasing an additional 2,157 shares in the last quarter. Finally, Spire Wealth Management lifted its stake in Kinder Morgan by 11.2% in the 2nd quarter. Spire Wealth Management now owns 13,320 shares of the pipeline company’s stock worth $392,000 after purchasing an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $26.19 on Monday. The company has a market capitalization of $58.26 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 3.01 and a beta of 0.78. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The firm’s 50-day moving average is $27.23 and its 200 day moving average is $27.44. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98.

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

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMI. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, August 14th. Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating on the stock. BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Jefferies Financial Group began coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.13.

Insider Activity at Kinder Morgan

In other news, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were bought at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the acquisition, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 48,625 shares of company stock worth $1,326,528. 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.