Kinder Morgan, Inc. $KMI Position Reduced by Rollins Financial Advisors LLC

Rollins Financial Advisors LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,555 shares of the pipeline company’s stock after selling 6,014 shares during the quarter. Kinder Morgan makes up approximately 0.9% of Rollins Financial Advisors LLC’s portfolio, making the stock its 23rd largest position. Rollins Financial Advisors LLC’s holdings in Kinder Morgan were worth $5,426,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Cranbrook Wealth Management LLC boosted its stake in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares during the period. Wolff Wiese Magana LLC purchased a new stake in shares of Kinder Morgan in the second quarter valued at $34,000. Clearstead Trust LLC purchased a new stake in shares of Kinder Morgan in the first quarter valued at $40,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Kinder Morgan in the first quarter worth $46,000. Finally, Manchester Capital Management LLC grew its holdings in shares of Kinder Morgan by 170.5% during the first quarter. Manchester Capital Management LLC now owns 1,699 shares of the pipeline company’s stock valued at $48,000 after buying an additional 1,071 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares of the company’s stock, valued at $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were bought at an average price of $26.23 per share, with a total value of $99,674.00. Following the purchase, the director owned 39,051 shares in the company, valued at $1,024,307.73. This represents a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 42,459 shares valued at $1,155,114. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 1.7%

Shares of NYSE KMI opened at $26.55 on Friday. The business has a 50 day simple moving average of $27.16 and a 200 day simple moving average of $27.42. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The stock has a market cap of $59.07 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63.

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

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Jefferies Financial Group initiated coverage on Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Scotiabank reduced their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. JPMorgan Chase & Co. raised their price target 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, Stifel Nicolaus upped their price objective 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. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

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.