Madison Park Capital Advisors LLC Sells 10,584 Shares of Kinder Morgan, Inc. $KMI

Madison Park Capital Advisors LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 36.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,611 shares of the pipeline company’s stock after selling 10,584 shares during the quarter. Madison Park Capital Advisors LLC’s holdings in Kinder Morgan were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KMI. Sierra Ocean LLC boosted its position in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares during the period. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $26,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $29,000. JNBA Financial Advisors increased its position in shares of Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares during the period. Finally, Grove Bank & Trust increased its position in shares of Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,078 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis purchased 2,759 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the purchase, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMI has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research report on Monday, July 7th. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target on the stock. Barclays restated an “overweight” rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Scotiabank raised their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 18th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $27.58 on Monday. Kinder Morgan, Inc. has a 12-month low of $20.97 and a 12-month high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $27.22 and its two-hundred day moving average price is $27.37. The stock has a market cap of $61.28 billion, a PE ratio of 22.61, a P/E/G ratio of 3.24 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 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.