Sound Income Strategies LLC Has $491,000 Position in Kinder Morgan, Inc. $KMI

Sound Income Strategies LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,688 shares of the pipeline company’s stock after purchasing an additional 2,352 shares during the period. Sound Income Strategies LLC’s holdings in Kinder Morgan were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after purchasing an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Kinder Morgan by 37.5% in 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 in the last quarter. Deutsche Bank AG raised its holdings in Kinder Morgan by 2.0% in the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock valued at $428,018,000 after acquiring an additional 290,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kinder Morgan by 19.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock valued at $380,145,000 after acquiring an additional 2,144,307 shares in the last quarter. Finally, Amundi raised its holdings in Kinder Morgan by 8.0% in the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock valued at $353,785,000 after acquiring an additional 943,023 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on KMI. Wells Fargo & Company lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. TD Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 price target for the company. BMO Capital Markets began coverage on Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target for the company. Finally, Scotiabank lowered their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.06.

Insider Buying and Selling at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the transaction, the executive vice president directly owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This represents a 9.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 in the last quarter. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 0.5%

Shares of NYSE:KMI opened at $28.34 on Tuesday. The company has a market capitalization of $62.97 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 3.31 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. The business’s 50-day moving average is $27.17 and its 200-day moving average is $27.45. Kinder Morgan, Inc. has a 1 year low of $21.65 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company 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. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is 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.