Sowell Financial Services LLC Cuts Stake in Kinder Morgan, Inc. $KMI

Sowell Financial Services LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 78,407 shares of the pipeline company’s stock after selling 1,418 shares during the quarter. Sowell Financial Services LLC’s holdings in Kinder Morgan were worth $2,305,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KMI. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $26,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $29,000. JNBA Financial Advisors boosted its holdings in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,078 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Scotiabank dropped their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Morgan Stanley set a $32.00 price target on shares of Kinder Morgan in a report on Thursday. Finally, BMO Capital Markets assumed coverage on shares of Kinder Morgan in a report on Friday. They set an “outperform” rating and a $32.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $31.06.

Kinder Morgan Trading Down 0.8%

Kinder Morgan stock opened at $27.46 on Monday. The stock has a market cap of $61.02 billion, a P/E ratio of 22.51, a PEG ratio of 3.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 1 year low of $21.45 and a 1 year high of $31.48. The firm’s 50 day moving average price is $27.17 and its 200-day moving average price is $27.39.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities 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 declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Insider Activity at Kinder Morgan

In related news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer owned 159,428 shares of the company’s stock, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dax Sanders sold 30,127 shares of the company’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 sale, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock valued at $3,553,982 over the last quarter. 12.73% of the stock is currently owned by insiders.

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.