Everett Harris & Co. CA Lowers Stake in Kinder Morgan, Inc. $KMI

Everett Harris & Co. CA lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.8% in the 2nd quarter, Holdings Channel reports. The firm owned 153,345 shares of the pipeline company’s stock after selling 2,863 shares during the period. Everett Harris & Co. CA’s holdings in Kinder Morgan were worth $4,508,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at $205,966,000. 59 North Capital Management LP acquired a new position in Kinder Morgan during the 1st quarter worth about $195,658,000. Goldman Sachs Group Inc. boosted its holdings in Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after acquiring an additional 5,529,065 shares during the period. Assenagon Asset Management S.A. grew its position in Kinder Morgan by 55.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock valued at $250,057,000 after acquiring an additional 3,037,095 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Kinder Morgan during the second quarter worth about $68,124,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred 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 directly owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the purchase, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was 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 90 days, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Down 0.5%

NYSE KMI opened at $26.93 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The firm has a 50 day moving average of $27.17 and a two-hundred day moving average of $27.42. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $59.91 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research note on Thursday, October 9th. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Friday, July 25th. Jefferies Financial Group initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.19.

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.